1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
NISA [10]
3 years ago
7

The Next Monet, Inc., operated art schools. At one of its classes, John Picasso (no relation to the great artist) was praised by

an instructor for his potential as "the next Monet." The instructor then sold John twenty half-hour art lessons for $20.00 each. Over the next three years, the instructor continued to praise John’s artistic potential, and John bought 4,000 hours of art lessons during that period. When John realized that he still couldn’t paint a bowl of fruit, he sued The Next Monet alleging fraudulent misrepresentation. Based on the decision in Vokes v. Arthur MurrayLinks to an external site., Inc., the court in this case would most likely rule in favor of:__________.
a. The Next Monet, because the instructor did not guarantee success.
b. John, because the instructor had superior knowledge of as to whether John had artistic potential.
c. None of the above.
d. The Next Monet, because the instructor’s opinion cannot be challenged by a court that knows little about art.
Business
1 answer:
Schach [20]3 years ago
7 0

Answer:

Option B                            

Explanation:

In simple words, The given case is related to the conclusion made by the court in the famous case of  Vokes versus Arthur MurrayLinks, in which the jury in the court rules that,  a determination of a party carrying better information about a subject matter may be treated as a matter of fact even though it would be treated as an opinion if the parties were speaking for deal  on equal conditions.

You might be interested in
Marie who has been the department manager at Verve, Inc., for five years starts every Monday morning with a 60-minute department
Setler79 [48]

Answer:

B) Stories

Explanation:

Stories are part of the artifacts or manifestations of the organization's culture. They reflect the values and past actions (specially success stories) of the organization's history and attempt to create a type of legend surrounding certain events. The stories about the organization must be based on facts and are generally exaggerated, but they should never be considered fiction.

7 0
3 years ago
Read 2 more answers
Oregon Outfitters issues 1,700 shares of $1 par value common stock at $20 per share. Later in the year, the company decides to p
lions [1.4K]

Answer and Explanation:

The journal entries are given below;

1. Cash Dr, $34,000 (1,700 × $20)    

     To Common Stock $1,700

       To Paid in capital in excess of par-Common Stock $32,300

(Being issue of common stock is recorded)

2.Treasury stock Dr, $4,620 (220 × $21)

       To Cash  $4,620  

(Being repurchase of treasury stock is recorded)  

3. Cash Dr, $5,940   (220 × $27)

     To Treasury stock $4,620 (220 × $21)  

     To Paid in capital-Treasury stock $1,320

(Being reissue of treasury stock is recorded)

7 0
3 years ago
Global strategy is an approach to internationalization in which headquarters delegates considerable autonomy to each country man
rjkz [21]

Answer:

False

Explanation:

When a company carries on a global strategy , their headquarters will seek to keep substantial control over foreign subsidiaries in an attempt to maximize efficiency and integration, while reducing redundant work or resource spending.

A multidomestic strategy is the one that delegates considerable autonomy to each country manager.

5 0
3 years ago
Various financial data for the past two years follow. LAST YEAR THIS YEAR Output: Sales $ 200,100 $ 202,100 Input: Labor 30,100
kramer

Answer: $1.637; $1.404

Explanation:

Given that,

Last year:

Output - Sales = $200,100

Input:

Labor = 30,100

Raw materials = 35,100

Energy = 5,010

Capital = 50,010

Other = 2,010

Input = 30,100 + 35,100 + 5,010 + 50,010 + 2,010

         = 122,230

Total Productivity = \frac{output}{input}

                              = \frac{200,100}{122,230}

                              = $1.637

This year:

Output - Sales = $202,100

Input:

Labor = 40,100

Raw materials = 45,100

Energy = 6,050

Capital = 49,750

Other = 2,875

Input = 40,100 + 45,100 + 6,050 + 49,750 + 2,875

         = 143,875

Total Productivity = \frac{output}{input}

                              = \frac{202,100}{143,875}

                              = $1.404

8 0
3 years ago
What is said to exist when total demand equals total supply in a transportation problem? an equilibrialized problem a balanced p
ss7ja [257]

Answer:

a balanced problem

Explanation:

  • In the transportation problem, when the total supply is greater than the total demand than we will say that the problem is unbalanced and
  • when total demand equals total supply in a transportation problem that then we will say that the problem is balanced.
  • so here here correct option is : a balanced problem
8 0
3 years ago
Other questions:
  • Will the financial statements of a company always differ when different choices at the start of the accounting period are made r
    11·1 answer
  • A company that manufactures smartphones developed a new battery that has a longer life span than that of atraditional battery. F
    5·1 answer
  • Every time your colleague faces a dilemma she is fond of saying, "i believe some principles can't be sacrificed for anything." s
    5·2 answers
  • Problem 7-28 Nonconstant Growth (LO2) Planned Obsolescence has a product that will be in vogue for 3 years, at which point the f
    13·1 answer
  • Sam closed the doors to her home-based consulting company only two years after opening because she was tired of working 80-hour
    7·1 answer
  • Wildhorse Corp. has total current assets of $12,152,000, current liabilities of $5,849,000, and a quick ratio of 0.94. How much
    6·1 answer
  • Which of the following happens when a company goes public
    13·2 answers
  • Jackson Co. began the year with $20,000 in inventory. During the year, the company purchased $80,000 worth of inventory. At the
    14·1 answer
  • Khái niệm sản phẩm dịch vụ ngành Tài chính – ngân hàng
    13·1 answer
  • Which position or group of stakeholders has the most power in your organization or one with which you are familiar? Is their pow
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!