The answers are the following:
a.
Brandon:
$7,000 + [($10,000/4)×3¿= $8,500
Ryan:
$7,000 + [($10,000/4)×1¿= $7,500
b.
Brandon $7,000
Ryan <span>$7,000</span>
Answer:
It means movies are relatively cheaper than working hours
Explanation:
In order to estimate the relativity of the two activities, there is a need to compare the changes over ten years
1. 10 years ago, Movie ticket= $5, 10 Years later Movie ticket= $8, the 10 year difference is $3
2. 10 years ago, average hourly wage = $10, 10 years later, average hourly wage = $20, the 10 year difference is $10
First, it means for the $3 change in movie ticket cost, there was a $10 change in the average hourly wage.
Put differently, while movie ticket got a 60% increase in price 3/5 x 100=60%
Average hourly wage got 100% increase 10/10 x 100= 100%
It means that working hours got more expensive and movie tickets got cheaper
Answer:
B) people face trade offs
Explanation:
Resources are scarce, and that applies to every person and every organization in the world. Even the richest person or richest organization has a certain finite amount of money, time and other resources. For example, if we decide to work 12 hours a day, we will make more money, but we will also have less time o do other activities that we like.
In this case, Billie Jean only has $120 and she wants to buy both products, but she can only buy one. Whatever product she decides to buy will leave her with $0, so if she wants to purchase the other product she will need to find a job and earn some money, or if she already has a job, she will need to work more hours.
Answer: Recruitment
Explanation: In simple words, recruitment refers to the process of selecting the suitable employees within an organisation. It involves setting the criteria of selection, attracting the candidates and appointing them in the job they seem capable of.
In the given case, Marisol is hiring the employees and also evaluating the tasks to be performed in the new job.
Hence we can conclude that the correct option is B.
Answer:
Yes, the contract is still valid.
Explanation:
Let us first clarify some terms first.
A contract is referred to as a legally binding agreement that is recognized, known and governs the rights and duties of the parties involved in an agreement. A contract is legally enforceable because it meets the features and approval of the law. An agreement basically involves the exchange of goods, transactions, services, money, or promises. In the case of breach of contract, the law awards the injured party access to legal remedies which include damages and cancellation.
Letter of revocation is an act by which a person having authority, calls back or in other words annuls a power, gift, or benefit, which had been bestowed upon another.
Yes, the contract still holds. This is due to the reason that the letter had a date mentioned on it which is August 4, a day before the contract was accepted even though the revocation letter arrived late.
Therefore, as regards to the date on the letter, the contract is still valid.
