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3 years ago

Which person(s) should decide upon the problem statement the team will be working toward? The team’s leader

1 answer:

8 0

<span>Which person should decide upon the problem statement the team will be working toward? All group members. All group members should be working towards the problem statement, problems, and anything resulting a team project. The project is in a team format for a reason, so that everyone works together.

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An American helicopter manufacturer contracted with a foreign hospital located in a severely war-torn region to sell five helico

sergij07 [2.7K]

Answer: Yes, because the helicopter manufacturer assumed the risk of the failure of the contract.

Explanation:

Based on the scenario given in the question, the subcontractor will likely prevail because the helicopter manufacturer assumed the risk of the failure of the contract.

Here, when the helicopter manufacturer entered into the contract with the subcontractor, the manufacturer was aware that the helicopters will be used in the "severely war-torn region.

In this case, the subcontractor wasn't aware of the information that the manufacturer knew of and therefore wasn't able to determine the risk that was involved in the contract.

7 0

2 years ago

2. A small business makes cakes for parties and weddings. Which two of the following are most likely to be resources it uses dir

Gala2k [10]

Answer:

A. Labour

D. Flour

Explanation:

A resource is something that supplies or adds value to a process. To this small business, resources will be all the things it uses to bake and deliver customers' cakes.

Labour and flour and useful in the baking of cakes. Without these two resources, the business will halt. Resources are, therefore, the inputs that make production possible.

8 0

3 years ago

The slope of the budget constraint A. measures the rate at which the consumer can trade one good for another. B. equals the rela

8_murik_8 [283]

Answer:

B. equals the relative price of the two goods.

Explanation:

A budget constraint refers to how much money a person or a company has to spend in any given pair of goods or services, e.g. you have $10 and you want to eat hot dogs and drink Coke.

The slope of the budget constraint refers to the relative price of the two goods or services, e.g. a hot dogs costs $2 and a Coke costs $1.50. The slope of the budget constraint = $1.50 / $2 = 0.75. The slope of a budget constraint is always equal or less than 1, that is why the smallest value is the numerator.

4 0

3 years ago

Suppose that a worker in Caninia can produce either 2 blankets or 8 meals per day, and a worker in Felinia can produce either 5

emmasim [6.3K]

Answer:

15 blankets; 35 meals

Explanation:

First, we compute Opportunity Cost (OC).

In Caninia,

OC of blanket = 8/2 = 4 meals

OC of meals = 2/8 = 0.25 blanket

In Felinia,

OC of blanket = 1/5 = 0.2 meals

OC of meals = 5/1 = 5 blanket

Since Felinia can produce blankets at lower OC (0.2 < 4), so

Felinia has comparative advantage and specializing in blankets.

Total blankets produced with trade = 5 x 10

= 50

Since Caninia can produce meals at lower OC (0.25 < 5), so

Caninia has comparative advantage and specializing in meals.

Total meals produced with trade = 8 x 10

= 80

After trade,

Total blankets produced = 10 + 25

= 35

Decrease in blanket output = 50 - 35

= 15

Total meals produced = 40 + 5

= 45

Decrease in meals output = 80 - 45

= 35

5 0

2 years ago

Smith & Jones, Accountants, agrees to perform an audit for Brick & Mortar Stores, Inc.

makvit [3.9K]

Answer:

a. want to avoid potential disputes.

Explanation:

The auditors are liable to report all the acts of the company, whether are in confirmation of law or not. This is because it is their duty to put a review on the balance sheet, and provide the users of such balance sheet the trust on the information presented.

Even if the agreement do not provide for complete details making it a valid contract this is sure that they need to act properly so that any moral dispute do not occur and that, all the work is done according to the responsibilities.

3 0

3 years ago