In which case would true impossibility NOT apply?

A. Nelson contracted with a local restaurant to supply 10,000 pounds of potatoes, but a tornado tore through his field, completely destroying it.
B. A record company contracted with Darlene to produce a CD of traditional folk ballads; unfortunately, Darlene died before recording began.
C. Reed agrees to purchase an expensive piece of jewelry for $25,000; a week later, he tells the jeweler that he simply does not have that kind of money.
D. None of these are correct.


Answer: C

Business

You might also like to view...

The process definition of leadership implies ______.

A. leadership is linear B. leadership is one-way, top-down C. leadership is leader centered D. leadership is reciprocal between leaders and followers

Business

Compare the concepts of power and influence.

What will be an ideal response?

Business

Brice is on the board of ABC Corporation. XYZ Corporation has made a move to acquire ABC. Tina, the president of ABC advises the board that the offer made by XYZ is a good one that should be accepted. She did not disclose, however, that XYZ had offered her a generous bonus if she could convince the board members of ABC to take XYZ's offer. Brice tells the other board members that they should

simply rely on Tina because she is probably right, and under the business judgment rule they are protected even if she is wrong. Which of the following is true regarding Brice's advice? a. Brice is correct. b. Brice is correct only if the directors of Success had been soliciting offers, and Tina was charged with reviewing them. c. Brice is incorrect unless it can be established that Tina has prior experience in mergers and acquisitions. d. Brice is incorrect because no statement made by an officer is entitled to blind reliance.

Business

Standard & Poors ratings are grouped into two major categories, investment-grade and speculative- grade

Bonds that are rated (i) are included in the investment-grade group, while speculative-grade bonds are those rated (ii) . (i) (ii) a. AAA, AA, A BBB, BB, B, CCC, CC, C b. AAA, AA, A, BBB BB, B, CCC, CC, C c. AAA, AA, A, BBB, BB B, CCC, CC, C d. AAA, AA, A, BBB, BB, B CCC, CC, C

Business