Toughones, a car part manufacturer, signed a contract to license computer software from Vizera Inc for $250,000. This software is to be used to keep track of inventory, accounts receivable, and other financial data
After the software was installed, the computer system worked, but it had a few glitches. Toughones refused to pay the full amount mentioned in the contract. To settle the dispute, the parties agree that $180,000 is to be paid as full and final payment for the software. Toughones paid $180,000 as agreed. What kind of agreement did Toughones and Vizera reach in the end?
A) accord and satisfaction
B) preexisting duty
C) counteroffer
D) mirror image acceptance
A
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Herman is a graphic designer at a large firm. He loves designing and considers it his calling in life, and he works incredibly hard and puts in extra hours to produce increasingly great work for the company. But Herman is generally uninterested in meetings and decision making and avoids attending when possible. He can even be hostile to coworkers when asked to work on joint projects too much. Overall, Herman should be classified as a(n) ______.
a. go-getter b. adversarial c. fence-sitter d. unclassifiable; he fits no pattern
A company's manager estimates that in the upcoming year, total variable costs will increase by $7,500 and total fixed costs will increase by $3,500. Assume that the unit sales price did not change. What will be the anticipated effect on net operating income?
A) Net operating income will increase by $11000. B) Net operating income will decrease by $11,000. C) Net operating income will increase by $4,000. D) Net operating income will decrease by $4,000.
An idea or thought that refers to the reflection of a targeted business function or process and how the various facets of the process or function relate to each other best defines
A) commitment. B) pre-feasibility study. C) conceptualization. D) closure.
Pharma Company, Quitox Corporation, and Renal, Inc., are drug makers. Med Sales Company and National OTC, Inc., are drug distributors. In a suit against all of these parties in which market-share liability is imposed, most likely to be liable are
A. neither the distributors nor the makers. B. the distributors and the makers. C. the distributors only. D. the makers only.