Answer:
Option B- He acted in good faith.
Explanation:
The person who is trading with the other party owes the duty of care which is well stated in the negligence act. However in this case we saw that though the law was unclear but still the CEO acted in best interest of the public at large by consulting the attorney to shed light on the issue. Remember law is ethically minimum that is desired but in this situation the CEO was committed to comply with law that's why he consulted attorney. So saying that he acted in good faith is the best defense in the court.
Answer:
C) $21,080
Explanation:
The computation of the net operating income is given below:
Particulars Per unit Total
Sales $114 $1,128,600
Less: Variable expenses:
Raw material cost (6 pounds for $4) $24 $237,600
Direct labor cost (2.4 hours for $24) $58 $570,240
Manufacturing overheads (2.4 hours for $9) $22 $213,840
Variable selling and admin expenses $2 $15,840
Contribution margin $9 $91,080
Less: Fixed Selling and admin exp $70,000
Net operating income $21,080
Answer:
The correct answer is letter "E": anchoring and adjustment heuristic.
Explanation:
Anchoring-and-Adjustment heuristics refers to estimations made by individuals according to certain information that come to their minds that are adjusted until an acceptable level of accuracy is reached. The latter is the cause of this practice to be inefficient because it is based on finding one optimal level of accuracy only without looking for others that could provide more proper results.
Answer:
so they can have more attention to the logo and more people will under stand what itd be
Explanation:
Answer:
Option (a) is correct.
Explanation:
This is a case of third degree price discrimination.
There are three types of price discrimination are as follows:
(a) First degree price discrimination
(b) Second degree price discrimination
(c) Third degree price discrimination
In a third degree price discrimination, a company or a firm can charge different prices for different groups of people but charge the same price within the group.
In our case, Dry cleaning companies charge more prices from the women than from the men but they can charge the same price from all the women.
