Earning a promotion is made easier if you know the _____

If nothing is stated to the contrary in terms of an auction, an auction is presumed to be ________.

KATRIN_1 [288]

Answer: with reserve

Explanation: If nothing is stated to the contrary in terms of an auction,an auction is presumed to be ________.

A)non-binding

B)a quasi-contract

C)without reserve

D)with reserve

E)an implied-in-law contract

An auction is presumed to be with reserve if nothing is stated to the contrary (in terms of an auction). What this means is that the seller is merely expressing or showing his intent to receive offers. In contrast, however, if an auction is without reserve, the lowest bid must be accepted by the auctioneer but if it is with reserve, the auctioneer may refuse to sell the item if he is not satisfied with the size of the highest bid.

3 0

3 years ago

Marketing Solutions Inc. promises to employ Niki as a software engineer. In reliance on the promise, Nikiquits her job with Onli

Simora [160]

Answer:

B) liable to Niki under the doctrine of promissory estoppel.

Explanation:

In contract law, promissory estoppel refers to a theory that when you make a reasonable promise but later you decide to back down, the other party may sue you in order to force you to fulfill your promise.

This theory has been upheld by the Supreme Court in Cohen v. Cowles Media Co. 501 US 663 (1991). So a reasonable promise will have the same binding effect as a contract.

7 0

3 years ago

Why might complaints of age discrimination grow when the economy is slow? companies work very hard to retain their best talent i

siniylev [52]

Companies may try to lower their labor costs by laying off higher paid workers.

Typically the higher paid workers will be professionals who have worked their way up over time and tend to be older, while younger workers fresh out of school and looking for their first jobs will be more willing to take lower salaries.

5 0

3 years ago

A business operated at 100% of capacity during its first month, with the following results: Sales (90 units) $90,000 Production

Fantom [35]

Answer: Contribution Margin = $20,000

Explanation:

Given that,

Sales (90 units) = $90,000

Direct materials cost = $40,000

Direct labor cost = 20,000

Variable factory overhead = 2,000

Fixed factory overhead = 7,000 and 69,000

Variable operating expenses = $8,000

Fixed operating expenses = 1,000 and 9,000

Therefore,

Contribution Margin = Sales - Variable cost of goods sold

= 90000 - (Direct materials cost + Direct labor cost + Variable factory overhead + Variable operating expenses)

= 90000 - $40,000 - 20,000 - 2,000 - 8,000

= $20,000

∴ Contribution Margin = $20,000

6 0

4 years ago

If there is initially an Group of answer choices excess supply of money, the interest rate will fall, and if there is initially

UNO [17]

Answer:

excess supply of money, the interest rate will fall, and if there is initially an excess demand, it will rise.

Explanation:

When there is an excess supply of money, there would be an increase in the demand for bonds. This would lead to a rise in the price of bonds and a decrease in the interest rate

When there is an excess demand for money, there would be a decrease in the demand for bond. This would lead to a reduction in the price of bond and an increase in the interest rate

3 0

3 years ago

Earning a promotion is made easier if you know the ______.