Answer:
Enforceable
Explanation:
Statute of frauds are legal requirements that a contract must have before it is considered to be enforceable.
Normally written contracts are required for transactions that are above $500, for sale of land, and transctions that last one year or longer.
The contract amount in the given scenario is (1000 pencils * $0.25) = $250
This amount falls below what is required for a written agreement. So an oral agreement can suffice in this case.
The contract is enforceable
Answer:
Efficiency variance $4,000 unfavorable
Explanation:
<em>Labour efficiency variance is the difference between the actual time taken to achieve a given production output less the standard hours allowed for same multiplied by the standard labour rate
. </em>
Hours
1000 units should have taken (1000× 2 hours) 2,000
but did take <u>2,500</u>
efficiency variance in (hours) 500 unfavorable
Standard rate <u> × $8</u>
Efficiency variance <u>4,000</u> unfavorable
<u>Answer: </u>Strengths and weaknesses
<u>Explanation:</u>
Situational analysis for a company is determined by the internal and external factors which can be said as SWOT analysis. Here the internal factors are strengths and weakness of the company. While the external factors are opportunities and threats. Situational analysis is an element of the marketing plan.
These internal and external factors show how the sales and profit of the company is affected in the market. The internal components of the company are helpful to identify the ways the company can improve its operations.
Answer:
Douglas McGregor
Explanation:
Douglas MacGregor is widely known for his theories termed as Theory "X and Theory " Y". In his attempt to derive at this theory, he utilized Maslow’s work as the basis for his own work defining two different types of managers.
Douglas MacGregor is also considered as a social psychologist who focused on management in business-related issues.
Hence, the right answer is Douglas MacGregor