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.
The international planning process is a measure used by companies that wish to expand their businesses to other countries. After the first stage of analyzing and screening the new market, the consumer products company should move to the next phase which is;
- Evaluating the marketing mix to target markets.
There are 4 phases in the international planning process which include; analysis and screening, adoption of the correct market mix, development of a marketing plan, and implementation/control.
For the consumer products company above that has established the screening criteria, they must ensure that they adopt the right market mix that will suit the organization.
This means that the product, place, price, and promotion should be right.
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Answer: The terms provided do not match the definitions provided. the answer to the question is 1) Purchase order 2) imprest fund
Explanation:
a. A document that creates a legal obligation to buy and pay for goods or services ----- Purchase order
A purchase order is an agreed document which indicates the type of product or services, quantities of product, and prices for products or services between two parties. it is usually issued by a company who is referred to as a buyer to a vendor known as a seller to supply the goods or services. When the vendor supplies the products, will be paid by the company who is the buyer according to payment terms.
b. The method used to maintain the cash balance in the petty cash account--- imprest fund--- This is a petty cash system where a fixed sum amount of cash is maintained and kept aside by a business only for managing expenses that may arise due to some circumstances but after being taken out, must be replenished.
Answer: Option (B)
Explanation:
Condition subsequent clause is referred to as an exit clause from the existing contract. This agreement in between the parties tends to include languages that loosens or frees one of individuals from the agreement or the deal. This tends to mostly occur when the conditional outcome or result takes place. The conditional subsequent relieves an individual or a party from all the obligations.
Answer:
200 units
Explanation:
For computing the number of units produced each time we need to applied the economic order quantity formula which is shown below:
where,
Annual demand is 1,600 units
Ordering cost per order is $25
And, the carrying cost or holding cost per unit per year is $2
Now placing these values to the above formula
So, the economic order quantity is
= 200 units
