Mention the causes or reasons of discontinuance or failure.
What will be an ideal response?
Discontinuance or failure results from one or more of the following weaknesses: (1) too much was left to chance, (2) too many decisions were based on a hunch or intuition, (3) crucial obstacles went unnoticed for too long, (4) the amount of time and/or physical effort demanded of the small business manager was not recognized and/or planned for, and (5) the amount of capital needed was either not estimated or grossly underestimated.
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(You and they, You and them) can join the group in Florida
What will be an ideal response?
The daily output required from an assembly line is 300 units. If the line operates 5 hours a day, what is the cycle time per unit?
a. 1 hour b. 4 minutes c. 1 minute d. 25 seconds
Gerhardt is the president of the Pacer Bicycle Company. He also serves as a director of the Flexible Tire Company. It occurs to Gerhardt that both companies could benefit from a contract in which Flexible agrees to supply Pacer with tires for its bicycles. If Gerhardt wishes to negotiate a contract between Pacer and Flexible, which of the following is correct?
a. The contract will be void as a conflict of interest. b. Under the RMBCA, the contract is permitted if it is fair and reasonable to both corporations, or Gerhardt fully discloses all information relating to the transaction and the contract is approved by either the board of disinterested directors or the shareholders. c. The contract is a clear conflict of interest and will be avoidable by either company even with disclosure. d. Both the contract will be void as a conflict of interest and the contract is a clear conflict of interest and will be avoidable by either company even with disclosure.
Brian makes a material misrepresentation of fact regarding his horse to Rosalind while out riding one day. Later that day, Rosalind makes an offer to buy the horse. Brain accepts without correcting his earlier misrepresentation of fact. In this case:
A) Brian may avoid the contract. B) Rosalind may avoid the contract. C) either or both Brian or Rosalind may avoid the contract. D) neither Brian nor Rosalind may avoid the contract.