Answer: No. The owner cannot get the card back because of the minor’s lack of capacity
Explanation:
From the information given, we are told that a minor bought a baseball card from a baseball card store for $12, even though the price was $1,200.
It should be noted that the owner cannot get the card back based on the minor’s lack of capacity. In this case, the idea is to protect the minor, therefore the minor who bought the baseball card is the one that can disaffirm or cancel the contract. In this case, the adults are bound to the contract.
The baseball card will only be gotten if the minor wishes to give it back.
Answer:
Most flexible.
Explanation:
Price is considered to be the variable in the marketing mix that is most flexible because unlike other elements of production, it can be easily changed. An organization can decide to either raise or lower it's price depending on the nature of the market.
In Marketing, price can be defined as the amount or value that is being exchanged usually money, in order to acquire goods in a business transaction.
Answer:
gain of $5,000
Explanation:
Wolf's gain = fair market value - book value = $45,000 - $40,000 = $5,000
a company must determine the gain or loss of an exchange transaction using the asset's book value and comparing it against its fair market value. If the FMV is higher than the book value, the company will recognize a gain. If the FMV is lower than the book value, then the company will recognize a loss.
Answer: determine what rewards are valued by her employees
Explanation:
From the question, we are informed that Kathleen is the new operations manager of a national stock brokerage firm and that she recently attended a conference on the use of expectancy theory to motivate employees.
In order to incorporate what she has learned, the first thing Kathleen must do is to know the kind of rewards that her workers value. This will be vital to achieve organizational goals.
Answer:
<u>Network </u>
Explanation:
A network type of organizational structure is characterized by a less hierarchical levels, with greater decentralization and more flexibility.
Such an organization is inter connected by informal social networks based upon the requirements of a task instead of a formal structure.
In this kind of organizational structure, reporting requirements ain't pre defined and it arises as per the need and as per the extent of coordination. It promotes direct communication and eliminates bureaucracy as decision making does not require approval from multiple levels.
In the given case, the company does not actually produce or market the bread indicates the existence of intra-company networks which perform those tasks.
Similarly, the fact that there are very few employees who are majorly top executives or of clerical level, indicates elimination of multiple levels of organizational hierarchy.
Thus, it represents a network organizational structure.
