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RSB [31]
3 years ago
11

Ryan sends Michael a letter of intent for the purchase of a tract of land. The letter of intent outlines the purchase price, the

legal description, and the financing terms. A paragraph is included that states that the letter of intent is a non-binding agreement, and is an offer to enter into negotiations.
Business
1 answer:
Sedaia [141]3 years ago
7 0

Answer:

B) The letter of intent is an invitation to negotiate, which is not an offer.

Explanation:

A letter of intent is simply an invitation to negotiate any type of transaction, sales or lease. The amounts included in the letter can serve as a basis for the negotiating or bargaining process, but they are not fixed and even Ryan can change them. This is similar to an ad in a newspaper that offers something for sale. Until the bargaining process is over and both parties agree on the consideration exchange and other terms, it is just a notice without any legal value.

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The determination of the productivity of the inputs utilised in the manufacturing process is a critical component of management
Klio2033 [76]

The significance of Total product, Average product, and Marginal product is that they show how effective, and efficient a manufacturing process is.

<h3>How do these metrics show productivity?</h3>

Taking the labor component in production as an example, one can see the impact of these metrics.

The total product will show just how much goods and services in total that the given amount of labor was able to produce. This gives management an idea of the effectiveness of the labor in producing goods and services.

The average product then shows how efficient labor is because it gives an idea of the products produced per labor.

Marginal product is very important as well because it helps management to know when to stop hiring labor. This point will be the production level that sees the marginal product being less than the cost of hiring additional labor.

These three metrics are therefore important to management because they help to determine effectiveness, efficiency, and cost of production.

Find out more on marginal product at brainly.com/question/24698689.

7 0
2 years ago
A ______ provides the opportunity for distributed practice, one of the keys to deep and lasting learning.
baherus [9]
<span>A "32-day commitment" provides the opportunity for distributed practice, one of the keys to deep and lasting learning.
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7 0
3 years ago
What is the difference between a Chronological Resume and a Skills Resume? How are they similar, and how are they different?
erastovalidia [21]

A chronological resume lists your work experience in order of time, usually starting with the newest job and working your way backward. Skills resume lists the skills you have acquired from each job and groups them together. For instance, "leadership" may be a skill, so you would have a section entitled "Leadership" and then you would list all the leadership skills and tasks you have done.

These are similar because you will still list all your previous work history, skills, accomplishments, etc but the difference is in how you categorize and list them.

4 0
3 years ago
The Tragedy of the Commons will be evident when a growing number of sheep grazing on the town commons leads to the destruction o
alexdok [17]

Answer:

the answer is C. auction off a limited number of sheep-grazing permits.

Explanation:

7 0
3 years ago
For each growth rate below, use the rule of 70 to calculate how long it will take incomes to double. Instructions: Round your an
STatiana [176]

Answer:

Explanation:

Rule 70 is used to estimate how long it tales a cashflow amount to double.

The formula is as follows ;

Number of years = 70 / growth rate

<u>At 1.4% growth rate;</u>

Number of years = 70 / 1.4 = 50

<u>At 3.2% growth rate;</u>

Number of years = 70 / 3.2 = 21.88

<u>At 4.9% growth rate;</u>

Number of years = 70 / 4.9 = 14.29

<u>At 6.4% growth rate;</u>

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<u>At 7.5% growth rate;</u>

Number of years = 70 / 7.5 = 9.33

4 0
3 years ago
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