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Vlad [161]
3 years ago
14

Some years ago, chemists at 3M Corporation were trying to create a super-strong glue. Somehow they got their molecules twisted a

nd came up with one of the weakest glues ever made. But, rather than pouring it down the drain, they tried coating some paper with it, and the "Post-It Note" was born. In this case, 3M was acting as 1) utility. 2) rationer. 3) entrepreneur.4) abstraction
Business
1 answer:
yulyashka [42]3 years ago
4 0

Answer: an entrepreneur

Explanation: An entrepreneur refers to a person  who have an extensive knowledge about the industry that is enough to grab the opportunities that arise. These are the people that are smart enough to do every activity in a different way which is better and smarter.

In the given case, even after the failure of the initial objective of the process the company used the failed research for their advantage. This was possible because they had knowledge about the industry and the needs of the consumers.

Hence from the above we can conclude that the correct answer is entrepreneur.

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Shovels R Us sends a purchase order to Acme Snow Shovel Inc., for 500 shovels to be delivered by September 30, 2017, in time for
aniked [119]

Answer:

False. There is no legal contract without value consideration.

Explanation:

The following elements must be present to declare a contract legally binding and valid.

An offer for a good or service that is being exchanged, An acceptance of this offer, A consideration which is usually the value of the goods and services that are being exchanged.

While this transaction fulfills the offer and acceptance elements, the consideration or value specification is unfulfilled and as such there is no legally binding valid contract as the prices have not been specified before agreeing to transact.

There might not be any need be for specifying prices if there is a trade, which is both parties exchange goods but in this case there is just one party delivering goods.

Hope this helps.

6 0
3 years ago
Why does hosa require students join through a local chapter instead of joining as individuals? hosa activities are so closely co
Delicious77 [7]
The reason why hosa require students to joint through local chapter instead of joining as individuals is : 
Hosa activities are so closely connected with the school curriculum,
And this curriculum usually more compatible if it's carried out in groups.
7 0
3 years ago
Read 2 more answers
At the beginning of June, Bezco Toy Company budgeted 5,000 toy action figures to be manufactured in June at standard direct mate
Snowcat [4.5K]

Answer:

Instructions are below.

Explanation:

Giving the following information:

<u>Standard quantity:</u>

Direct materials (pounds)= 50,000/4= 12,500 pounds

Direct materials (pounds)= 12,500/5,000= 2.5 pounds per unit

Direct labor (hours)= 36,000/18= 2,000 hours

Direct labor (hours)= 2,000/5,000= 0.4 hours

A<u>ctual quantity:</u>

Actual direct materials= (49,600/4)= 9,920 pounds

Actual direct labor= 34,020/18= 1,890 hours

Production= 4,850

T<u>o calculate the direct labor quantity variance, we need to use the following formula:</u>

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Standard quantity= 2.5*4,850= 12,125

Direct material quantity variance= (12,125 - 9,920)*4

Direct material quantity variance= $8,820 favorable

<u>To calculate the direct labor time variance, we need to use the following formula:</u>

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Standard quantity= 0.4*4,850= 1,940

Direct labor time (efficiency) variance= (1,940 - 1,890)*18

Direct labor time (efficiency) variance= $900 favorable

8 0
3 years ago
Separation of duties refers to:
Bumek [7]
Making each manager personally responsible for his/her department
5 0
3 years ago
At the beginning of​ 2018, Uptown​ Travel, Inc. has the following account​ balances: Accounts receivable $ 46,000 ​(Debit) Allow
gayaneshka [121]

Answer:

The amount of bad debt expenses for the year 2018 is $38,000

Explanation:

In the given question we have been told that the allowance for bad debts is $8,000 which the uptown travel, Inc has made and also another information that has been given in the question is that the uptown travel Inc uses the aging of account receivable method , this a method where we are calculating the amount of uncollectible  bad debt expenses.

In this question it is been given that there is $17,000 of amount that is written off and there is $29,000 of amount which is uncollectible , so we will add these amount , which will give us the total amount which is uncollectible,

 = $29,000 + $ 17,000

 = $46,000

But in the question it has been given to us that the uptown travel Inc ahs made a allowance for the bad debts, so we will subtract this amount from the total amount which is uncollectible to get the amount of bad debt expenses.

Bad debt expenses = $46,000 - $8,000

                                 = $38,000

7 0
3 years ago
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