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Vlad [161]
3 years ago
11

Mrs. Martin tells some neighborhood kids that she will pay $100 if any of them mows her lawn. Jake goes to a hardware store, pur

chases a lawnmower for $60, and then mows Mrs. Martin's lawn. Jake has entered into which types of contract?
Business
1 answer:
s2008m [1.1K]3 years ago
7 0

Answer:

<u>a. Jake has made a unilateral contract with Mrs. Martin and a bilateral contract with the hardware store.</u>

Explanation:

Note that a <em>unilateral contract</em> occurs between Jake and Mrs. Martin because in business law this contract is created by an offer (the $100 to be paid) which is then accepted through performance (by Jake mowing the lawn).

Next Jake purchases a lawnmower from a hardware store in which a transfer of title for the lawnmower occurs (<em>a bilateral contract</em>). According to business law it is a case of bilateral contract because something of specific of value is exchanged; <em>meaning $60 is paid to transfer ownership of the lawnmower .</em>

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Suppose that the price of chicken rises sharply compared to the price of turkey. In response, consumers buy more turkey and less
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Answer:

A.overstate; substitution

Explanation:

Consumer Price Index (CPI): is a measure that examines the weighted average of prices of consumer goods and services, such as transportation, food, and medical care. It is calculated by taking the average of the price changes for each item in the predetermined  goods. Changes in the CPI are used to assess price changes associated with the cost of living therefore the CPI is used economist for identifying periods of inflation or deflation.

when we say the CPI overstate inflation; it is because of:

Substitution bias (when the price of a product in the consumer basket increases substantially, consumers tend to substitute lower-priced alternatives; Therefore, it tends to overstate inflation due to a lack of accountability ) and;

Quality bias (over time, technological advances increase the life and usefulness of products).

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3 years ago
Yêu cầu về sự tuân thủ quy trình chuẩn mực chuyên môn nghề nghiệp
Anastaziya [24]

Answer:

Các chuyên gia về tuân thủ và đạo đức (CEP) hiểu rằng các dịch vụ chúng tôi cung cấp yêu cầu các tiêu chuẩn cao nhất về tính chuyên nghiệp, tính chính trực và năng lực. Thực hiện các chính sách, thủ tục và tiêu chuẩn ứng xử bằng văn bản. Chỉ định một nhân viên tuân thủ và ủy ban tuân thủ. Thực hiện đào tạo và giáo dục hiệu quả.

Explanation:

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Social factors exert the broadest and deepest influence over a person’s consumer behavior. True or false?.
Scilla [17]

Social factors exert the broadest and deepest influence over a person’s consumer behavior   false (culture)

Culture :

A person’s culture is represented by a large group of people with a similar heritage. Culture exerts a strong influence on a person’s needs and wants because it is through culture that we learn how to live, what to value, and how to conduct ourselves in society. The American culture, which is a subset of the Western (European) culture, will be the primary focus of this discussion, although other societies in other parts of the world have their own cultures with accompanying traditions and values.

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2 years ago
SME Company has a debt-equity ratio of .60. Return on assets is 7.5 percent, and total equity is $486,000. a. What is the equity
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Answer:Equity multiplier=1.6

Explanation:

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The  Total assets given as Liability(debt+equity)  will now be

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