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kati45 [8]
2 years ago
15

Better Houses, Inc. has been contracted to build an addition on the Joyners' house. It built half of the addition and then unexp

ectedly announced that it was not going to finish the job. Such a desertion of work is called:
Business
1 answer:
topjm [15]2 years ago
8 0

Better Houses, Inc. has been contracted to build an addition on the Joyners' house. It built half of the addition and then unexpectedly announced that it was not going to finish the job. Such a desertion of work is called "Abandonment of contractual obligations".

<h3>What is contractual obligations?</h3>

Contractual obligations are responsibilities that each party is bound by law to fulfill under the terms of the agreement.

Each contract involves one or both parties exchanging anything of value in connection with a variety of duties, such as goods, services, money, etc.

Elements of a Contract are-

  • Offer: An offer was made when one of the parties pledged to carry out or refrain from carrying out a specific action in the future.
  • Promise of consideration: A promise of something of value in return for the intended conduct or inaction. This can be demonstrated by a substantial outlay of resources, a promise to provide a service, a commitment not to do something, or reliance on the promise. The incentive for the parties to enter into the agreement is known as consideration.
  • Acceptance: The offer was unmistakably accepted. Acceptance can be demonstrated through words, actions, or by carrying out the contract's requirements. In general, the terms of the acceptance must match those of the offer. If not, the acceptance is interpreted as a counteroffer and rejection.

To know more about the contractual obligations, here

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At World Spice Market, Inc., the department manager uses a hand-held scanner to determine the quantity of each spice the store h
DiKsa [7]

Answer:

The correct answer is B. using technology to stay responsive to customer needs.

Explanation:

The use of technologies in companies is increasingly common in order to achieve an improvement in operation. This strategy allows having up-to-date information about any organizational area, as well as sales behavior in order to make investment decisions that allow the correct use of resources and the generation of profits. What is shown in the statement is that World Spice Market relies 100% on technology in order to determine the sales process, starting from the display case to the sale to the buyer.

6 0
3 years ago
Manufacturing companies especially those which manufacture chemicals or use chemicals must be in compliance with construction la
wolverine [178]

Answer: right to know laws

Explanation: Under the laws of right-to-know, it is the right of workers to avail their employers  information on the hazardous chemicals at the workplace. This is in accordance with the OSHA standards and is therefore applicable to manufacturing companies, particularly those producing chemicals or using chemicals.

This law specifies perspectives such as:-

1. Employer must maintain a list of all hazardous products in the work place.

2. Labeling of chemical containers must be done.

3. Material safety data sheets must be prepared.

4. Workers must be trained to use such chemicals.

3 0
3 years ago
The lower the user's switching costs:
JulijaS [17]

Answer:

more intense the competitive pressures posed by substitute products.

Explanation:

The lower the user's switching costs: the more intense the competitive pressures posed by substitute products.

Switching costs can be defined as the cost of a consumer switching from a product to a substitute good.

Therefore when such switching costs are low, it will be easier to switch from one product to another, implying that the competitive pressure from substitute goods are higher.

8 0
3 years ago
Read 2 more answers
In the argument for why perfect competition is allocatively efficient, the price that people are willing to pay represents the g
Alina [70]

Answer:

There are some indirect social costs that are included in marginal cost of firms. such as climate change due to green house gas emission, pollution, systemic risk (risk that banking system takes). These costs impose negative effect on economy and are not directly borne by consumer or producer.  

There are some indirect social gains that are not included in price paid for good, such as driving an electric vehicle, improved education, fire proof homes, construction and operations of public goods like parks, street lights. These benefits impose positive effect on economy and are n directly borne by consumer or producer.  

4 0
3 years ago
Read 2 more answers
8) walter co. and sandburg industries report the following information at december 31: walter sandburg accounts receivable $41,0
True [87]

Walter Co. is a manufacturer because it uses raw materials, and has a stock of merchandise inventory, work-in-progress inventory, and finished goods inventory. The current assets of Walter Co. will be:

Current Assets:

Cash                                                          6,000

Inventories

Raw materials inventory       21,000

Work in progress inventory  40,000

Finished goods inventory      25,000

Merchandise inventory           48,000

Total inventory                                      1,34,000

Other assets

Accounts receivable                               41,000

Prepaid expenses                                     1,000

Current assets                                                               2,22,000

A manufacturing company is a company that takes in raw materials processes the raw materials and then sells the finished goods manufactured in the market. So the current assets section of the balance sheet of Walter Co. is given which will be written on the right side of the balance sheet.

Learn more about manufacturing companies here:

brainly.com/question/14942185

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3 0
1 year ago
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