Answer:
From the question, the contract stipulates that Destin Company has three (3) performance obligations.
1. Manufacture a new 3D printer
2. Installation of the 3D printer.
3. Maintenance of the 3D printer over the life of the printer.
All three of these are to be performed by Destin Company for the client they signed the contract with.
Answer:
An upscale "white-tablecloth" restaurant chain acquires a travel agency.
Explanation:
Few reasons:
- Such restaurant are luxurious, so they would want to collaborate with travel agencies but not acquire the whole agency itself.
- Being the upscale restaurant they have to work on their own image not acquiring unnecessary agencies.
- They have their own customer market, who won't compromise on the choices they make, so they don't need to acquire a travel agency to increase it's branding as not everyone can afford such restaurants.
Answer:
d) all of the above.
Explanation:
All of the above statement correspond to different definitions of demand that economists use on a daily base.
Statement A) refers to aggregate demand, which is roughly equivalent to GDP.
Statement A.2) refers to demand schedule, which is also simply referred to as demand in the press, or in informal contexts.
Statement B) refers to an equilibrium quantity demanded, which occurs when supply and demand meet under an equilibrium price.
Statement C) refers to quantity demanded because it is not always relevant, when talking about demand, whether the good demanded is a necessity or a luxury.
Answer:
Rational is based on the logical preference. Being irrational does not means that the choice is made based on monetary preference. It is more logical than monetary.
Explanation:
The two friends took same courses in college but after the completion of college degree one decides to go for MBA and other pursues PhD in English. The expected earnings of MBA are higher than PhD but one of friend who chooses the PhD has not considered the logical decision making based on money. He might have chose the PhD because he is more interested in becoming a professor rather than a business professional.
