Newt, a gun dealer, offers to sell a rare civil war musket to Rush, another dealer, for "$15,000, insurance and shipping paid by buyer." Rush responds, "I accept. Insurance and shipping costs divided equally between seller and buyer." The parties:
a. do not have a contract since the acceptance violated the mirror image rule.
b. do not have a contract since Rush's response was a counteroffer.
c. have a contact and, in the majority of states, the terms of the offeree control.
d. have a contract and, in the majority of states, the different terms will cancel each other out.
d
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Ethical business leaders not only act ethically on a personal level, but also allocate corporate resources to support and promote ethical behavior in the workplace.
Answer the following statement true (T) or false (F)
Oregon State University has reached the final four in the NCAA Women's Basketball Tournament, and as a result, a sweatshirt supplier in Corvallis is trying to decide how many sweatshirts to print for the upcoming championships. The final four teams (Oregon State, University of Washington, Syracuse, and University of Connecticut) have emerged from the quarterfinal round, and there is a week left until the semifinals, which are then followed in a couple of days by the finals. Each sweatshirt costs $12 to produce and sells for $24. However, in three weeks, any leftover sweatshirts will be put on sale for half price, $12. The supplier assumes that the demand (in thousands) for his sweatshirts during the next three weeks, when interest is at its highest, follows the probability distribution
shown in the table below. The residual demand, after the sweatshirts have been put on sale, also has the probability distribution shown in the table below. The supplier realizes that every sweatshirt sold, even at the sale price, yields a profit. However, he also realizes that any sweatshirts produced but not sold must be thrown away, resulting in a $12 loss per sweatshirt. ? Demand distribution at regular price Demand distribution at reduced price ? Demand Probability Demand Probability 7 0.05 2 0.20 8 0.10 3 0.30 9 0.25 4 0.20 10 0.30 5 0.15 11 0.20 6 0.10 12 0.10 7 0.05 Use simulation to analyze the supplier's problem. Determine how many sweatshirts he should produce to maximize the expected profit. What will be an ideal response?
A preliminary study of a retailer's operations revealed that employees might feel threatened by the retail audit process. What type of audit should be conducted?
a. disguised audit b. audit by company department managers c. audit by outside auditors d. nondisguised audit
In 1886, a Chicago rally to protest police repression of strikers turned violent when a bomb was thrown into the police ranks and police fired into the departing crowd. This incident is known as:
A. The Homestead Strike. B. The Ludlow Massacre. C. The May Day Riots. D. The Haymarket Tragedy.