Under which of the following conditions will an international organization move toward an integrated structure?
A) when it has a limited percentage of its total business in foreign countries
B) when it has worldwide product diversity and a large-scale foreign business
C) when it has low product diversity contributing a large portion of its foreign business
D) when it has a limited number of product divisions in the foreign countries
B
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If an oral contract has been declared unenforceable under the statute of frauds, yet one of the parties has rendered some performance under the contract that conferred benefits on the other party, he or she can recover the reasonable value of the performance in ________.
A. collateral enforcement B. quasi contract C. promissory estoppel D. guaranty contract
Labadie Corporation manufactures and sells one product. The following information pertains to the company's first year of operations: Variable costs per unit: Direct materials$74?Fixed costs per year: Direct labor$1,029,600?Fixed manufacturing overhead$4,461,600?Fixed selling and administrative expenses$3,864,000?The company does not have any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 57,200 units and sold 55,200 units. The company's only product is sold for $233 per unit.Assume that the company uses a variable costing system that assigns $18 of direct labor cost to each unit that is produced. The unit product cost under this costing system is:
A. $74 per unit B. $170 per unit C. $240 per unit D. $92 per unit
Expected monetary value is most appropriate for problem solving that takes place:
A) when conditions are average. B) when all states of nature are equally likely. C) when all alternatives are equally likely. D) under conditions of uncertainty. E) under conditions of risk.
Neal, a twelve-year-old, buys a pair of skis from Outdoor Outfitters (OO), telling the salesperson that he has never been skiing but "really wants to do it." The salesperson urges Neal to take a lesson in the sport before attempting a run, but Neal ignores the advice. On the first run, Neal loses control, hits a tree, and is injured. Neal files a suit against OO, alleging that it was negligent to have sold the skis to him, when he was clearly too young and inexperienced. How might OO defend itself?
What will be an ideal response?