When contract language is ambiguous arbitrators:
A. Ignore it and look for intent.
B. Use the ordinary meaning of words to interpret the contract.
C. Use the more general language of the contract to guide their interpretation of specific
language.
D. Go to the parties to ask their opinion of the words' meaning.
B. Use the ordinary meaning of words to interpret the contract.
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In the two-period model, suppose a household's income in the first period is $40,000, income in the second period is $30,000, and the real interest rate is 25 percent. Draw a diagram showing the budget constraint. Now, suppose the real interest rate rises to 30 percent. Draw the new budget constraint. For the budget constraints you have drawn, be sure to show the values of the intercepts on each axis. If the household decides that its consumption in period 1 should always equal its consumption in period 2, determine whether the household is worse off or better off because of the decline in the real interest rate. Show your work.
What will be an ideal response?
Rients Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for October. Fixed Element per MonthVariable Element per Customer ServedActual Total for OctoberRevenue $4,100$182,900Employee salaries and wages$42,300 $1,300$98,800Travel expenses $700$30,500Other expenses$31,500 $31,900When the company prepared its planning budget at the beginning of October, it assumed that 39 customers would have been served. However, 44 customers were actually served during October.The revenue variance in the Revenue and Spending Variances column of a report comparing actual results to the flexible budget
for October would have been closest to: A. $2,500 U B. $23,000 F C. $2,500 F D. $23,000 U
Advocates of the profit-seeking school of social responsibility argue that business entities have a responsibility to act in a manner that benefits all of society
Indicate whether the statement is true or false
Which of the following best describes the judicial decisions on no-pet policies adopted by homeowner' associations?
A) These no-pet policies have been declared unconstitutional. B) These no-pet policies cannot be enforced against owners who have indoor pets only. C) These no-pet policies are valid as long as they are adopted properly. D) These no-pet policies are unenforceable in California.