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Radda [10]
3 years ago
12

Faiza hired Bril Builders Inc. to construct her house. They signed a contract that stated Bril Builders would complete the work

in 10 months, and Faiza would pay them in full. If Bril Builders completes the work but misses the date, Faiza has the right to deny the company any payment.
TRUE OR FALSE
Business
1 answer:
gizmo_the_mogwai [7]3 years ago
7 0

Answer:

FALSE

Explanation:

Faiza does not hav the right to deny the company any payment even though Bril Builders Inc did not complete the work in the agreed time. Not finishing the work on the agreed time might be as a result of some factors beyond their control. Faiza must consider all these before thinking of denying them payment.

The denial of payment would have been right if they did not complete the work or if the work done was not what they asked for or not done well.

You might be interested in
Suppose you examine the central bank’s balance sheet and observe that since the previous day, reserves had fallen by $100 millio
aksik [14]

Answer:

The Central Bank is trying to increase money supply.

Explanation:

When the Central Bank makes moves to increase reserves, it means that it is simply trying to mop up excess cash from the economy to fight inflation. Spiking inflation means that the power of a currency is gradually being eroded. The Central Bank cannot allow this to happen so it hits the "Reduce Money In Circulation" button. It does this by reviewing upwards, the money reserves which commercial banks must hold with the Central Bank.  

It can also increase the rate at which it lends to the Commercial Banks and Investment houses. Commercial Banks, in turn, transfer the additional cost of borrowing to businesses who will seek loans. This slows down the rate at which money is pumped into the economy.

In the question, however, we notice that the Central Bank has enervated its reserves. This means that it is pumping more money into the economy. This economic move may have been executed to prevent the economy from slipping into a recession or simply to stimulate the economy.

In the short run, increased money supply means, businesses have more access to funds from commercial banks. More funds mean, more investment. Increased investment spending means the businesses will need to expand operations, hire more staff, and the multiplier effect goes on and on.

Cheers!

6 0
3 years ago
Which of the following is a correct formula when markup is based on selling price
oksano4ka [1.4K]
<span>perhaps u want the formula for the percentage of markup, giving the cost and selling price.
..(selling price) = (cost) + (Markup)
..(selling price) - (cost) = (markup)
so,
..(markup)/(selling price)*100% = ((selling price) - (cost))/(selling price) * 100%
.. =(1 -(cost)/(selling price))*100%

</span>
5 0
3 years ago
Recently, U.S. dairies, struggling to increase milk sales, tried to change the way adults thought about chocolate milk. The dair
Blizzard [7]

Answer:

The correct answer is C

Explanation:

Repositioning is states as altering or changing the position of the product in the customer minds as relative to the offerings of the product. It is very difficult as well as subtle procedure as the brand or the product needs or require to change the market understanding of the product.

In this case, the dairies would like to reposition the chocolate milk in the minds of the adult customers as they are trying to change the way adults think of chocolate milk.

7 0
3 years ago
Large-scale integrated (LSI) circuit chips are made in one department of an electronics firm. These chips are incorporated into
Masteriza [31]

Answer:

A) sample size = 23.475 ≈ 23

B) How to tell someone to do the test is by taking a sampling process of a lot of the products because this will help to figure out defective units in the line of production and also ensure that the quality of the products are up to the same quality required

Explanation:

Data given

AQL = 20%, = 0.2

LTPD = 52% = 0.52

Assuming consumer risk acceptable by company = 10%

producer risk = 5%

A) First we calculate the ratio

= LTPD / AQL = 0.52 / 0.2  = 2.6

from the table of LTPD/AQL   2.6 is closest to 2.768

to calculate the sample size we apply the formula from the exhibit table

n ( AQL ) = 4.695

Therefore n ( sample size ) = 4.695 / 0.2 = 23.475

B) How to tell someone to do the test is by taking a sampling process of a lot of the products because this will help to figure out defective units in the line of production and also ensure that the quality of the products are up to the same quality required

5 0
3 years ago
Realizing that it was time to invest in an updated information system, a young ceo made the following announcement in his weekly
Alexeev081 [22]
I had to look for the options and here is my answer:

Based on the given scenario above regarding the changes that a young CEO made in his company, which resulted in the poor interpretation among his employees, the progressive companies at present would now incorporate strategies that continuously adapt a FORMAL AND INFORMATION ORGANIZATION THAT AIDS IN CHANGES.
5 0
3 years ago
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