Answer:
Explanation:
If a small percentage increase in the price of a good greatly reduces the quantity demanded for that good, the demand for that good is: Price elastic.
Applied methods corporation promises to provide stock options to Belden, a production designer, for processes he has already designed. This promise exists unenforceable.
<h3>What is a promise in Contract?</h3>
A contract is an enforceable legal arrangement that establishes, details, and regulates the rights and duties of the parties. The transfer of commodities, services, money, or a promise to transfer any of those at a later time are common components of contracts. All business is conducted through contracts, which are mutual agreements between two (or more) parties that, once signed, impose binding legal duties on each party. Simple solutions for this include purchasing something or offering a service.
A contract, however, is enforceable in a court of law. There are no legal ramifications for breaking a promise in the same way that there are for breaching a contract, yet persons of honor and high moral character try to fulfil their word whenever feasible. A promise or set of promises is referred to as a contract if the law recognizes a duty to perform them or if there is a legal remedy for their breach.
Hence, Applied methods corporation promises to provide stock options to Belden, a production designer, for processes he has already designed. This promise exists unenforceable.
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Answer: Option E
Explanation: In simple words, functional level strategies refers to the plans made for several departments so that the overall development of the organisation could take place. These strategies usually specifies the objectives and the expected outcomes.
Mergers and acquisition refers to the situation when one company takes over another company. It does not specify any goals or objectives nor it assigns any duties. It is an action and not a plan.
Hence from the above we can conclude that the correct option is E.
Answer:
The correct answer is option a.
Explanation:
The long run aggregate supply curve is inelastic and vertical in shape. The reason behind this is that in the long run the output level is not affected by the change in price level. It is rather affected by the quantity of inputs.
A leftward shift in the long run aggregate supply means that the output level is decreasing. This decrease in input in this case is either because of decrease in quantity of labor available,or because of increase in minimum wages the firms are hiring less labor.
So, option a is the correct answer.
Answer:
Favorable Variance
Explanation:
Any difference between predicted costs and actual costs is refereed to as variance. Favorable variance means the difference was in the company's favor because they predicted one level of income but actually made a higher income than expected.
