You have been hired as an assistant manager for a regional division of a large retail store that sells consumer electronics. The store manager has asked you to determine the break-even price for a new line of cell phones the store is carrying. You expect to sell 500 cell phones a month, which have a marginal cost of $50. If your fixed costs are $5,000 per month, what is the break-even price?
A. $50
B. $100
C. $60
D. $10
Answer: C
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The aggrieved party--the one calling the pinch--calls a meeting and explains his side of the conflict. The second party--the alleged offender--then repeats what the first party said so to get the message clarified.
What will be an ideal response?
_________ are broad guidelines issued by upper management for the purpose of assisting lower-level managers in handling recurring problems.
Fill in the blank(s) with the appropriate word(s).
At Christmas, Mia promised to give her grand piano to her only granddaughter, Melissa. Melissa did not have room for the piano. She thanked her grandma for the thought but said she couldn't take the piano. Which statement is correct?
a. This is a gift causa mortis and Melissa can have the piano on Mia's death. b. This is a revocable gift and Melissa can change her mind at any time before Mia's death. c. This is a valid inter vivos gift. d. There is no gift. Melissa refused the gift.
A forum selection clause is: A) contrary to public policy because it ousts the court of jurisdiction
B) is upheld as long as it is reasonable, negotiated in an arm's length transaction, and absent a compelling reason not to honor it. C) will not be upheld in Japan or the United States. D) is upheld as long as it was voluntary.