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yKpoI14uk [10]
3 years ago
14

A restaurant has been sued because a customer claims to have found a bug in her chili. The company's lawyers believe there is on

ly a remote possibility that the lawsuit will result in an actual liability. Which of the following actions should be taken by the company's management?a.The situation should be described in a note to the financial statements.b.The possible liability should be ignored.c.The liability should be estimated and recorded as an expense.d.Management should consider resigning
Business
1 answer:
Elena-2011 [213]3 years ago
5 0

Answer:The situation should be described in a note to the financial statement.

Explanation:

Since there is a remote possibility of a liability been incurred in the case, the management should only bring it to shareholders knowledge by way of note in the financial statement and

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An approach of open communication and collaborative decision making suggests which the democratic type of leadership. This type of leadership which includes <span> participative role of the members in the decision-making process is also called </span>participative leadership or shared leadership.
Mutual respect and understanding is crucial in order this type of leadership to be successful. 
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4 years ago
A local tree farm is trying to decide which fertilizer to use to grow its trees. It can either buy the famous Greenwood Fertiliz
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Answer:

1. NPV calculation

Option 1 ( with Greewood fertilizer) : $2.256

Option 2 ( with Peter's Fertilizer) : $3.835

2. Rate of return calculation:

Option 1: 45.12%

Option 2: 95.875%

Option 2 should be chosen as it provides higher NPV.

Explanation:

1. The detailed calculation for each option is:

Option 1: Present value of sales proceed - initial cost = (8/1.05^2) - 5 = $2.256

Option 2: Present value of sales proceed - initial cost = (10/1.05^5) - 4 = $3.835.

2. The detailed calculation for each option is:

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Option 2: NPV/Initial cost =3.835/10 = 95.875%

To assess which option should be picked with the assumption of infinite time horizon, NPV should be key driver. As Option 2 has higher NPV, Option 2 is chosen.

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3 years ago
What 3 things must exist in order to have demand for a good or service?
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The utility function and the diminishing marginal utility.

the opportunity cost, indifference curve must be convex.

income budget.

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3 years ago
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A(n)______allows students to study more specific topics within their majors.
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Answer: The answer would be a interrogation

Explanation:

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Explanation:

From the question we are informed about an instance, While attending a baseball game cheering for the home team a fan of the other team sneaks up behind jack and hits jack on the head with a hard piece of pretxel injuring jack. Jack has no ideas he is about to be hit an dis embarrassed when his friends see that he was injured by a pretzel. In this case, The torts that the fan has committed is the battery. A tort as regards common law jurisdiction can be regarded as a civil wrong which make a claimant to count losses/ harm which resulted in legal liability on the part of the person that committed the tortious act. These could be invasion of privacy as well as injuries

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3 years ago
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