Answer:
The answer is Legal.
Explanation:
A legal issue comprises a conflict that needs to be resolved under the existing laws. When such matters are presented to a judge, there is typically a requirement for justification. This necessitates outlining the conflict using the normative and factual arguments presented by the parties involved, along with relevant consensus and/or evidence. Once the judge possesses all necessary normative and factual details, as well as their interpretation and evidentiary foundations, they can articulate the problem. This scenario contains two facets: the normative aspect refers to the overarching theme of the dispute, while the factual aspect details the specific elements of the case that provide a unique interpretative context to the general issue.
Answer: 90 days and 4.06 times
Explanation:
The short-term operating cycle is calculated by adding Average production process time + Days goods are held + Days Accounts receivable are due]
= 40 + 15 + 35
= 90 days
With a 365-day year, the cycle will turnover;
= 365/90
= 4.0556
= 4.06 times
Answer:
True - Contracts that require more than one year to complete must be documented in writing
Explanation:
The relevant detail from the scenario for the question is that ''In 2006, Mann and Harris were requested by HIS to undertake another conversion of an apartment building referred to as Park West. For this task, Mann and Harris were once again orally promised a bonus (in addition to their salary) using a similar formula to that of the Windsor Park conversion. It was anticipated that this venture would also take two or three years to conclude.''
According to the statute of frauds, contracts anticipated to last over a year need to be written to have legal standing.
When Mann and Harris were asked to manage the construction of an apartment that would last two to three years, they should have insisted on a written agreement.
HIS took undue advantage of their knowledge of the law and denied them the promised bonus; pursuant to the statute of frauds, they are not legally liable.
The strategic management process consists of defining a company's mission and vision, its overarching strategy, and crafting its strategic plans and control.
- A company that gradually eliminates product lines or liquidates inventory is engaging in a defensive strategy.
- This defensive strategy is also known as a retrenchment strategy, which involves scaling back the organization's efforts.
- For example, a company might minimize expenses by selling off (liquidate) assets—such as land, buildings, and inventories.
A defensive strategy aids organizations in consistently lowering costs and phasing out product lines or services..
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Answer:
DeShawn should not continue offering the engine detailing service
Explanation:
Given data
Cost = $40
Charge = $75
Total price = $90
Additional charges amount to $20
To determine
Whether DeShawn should proceed with the offer
Solution
Here, we know DeShawn's marginal benefit is Marginal benefit = total price - charge
Marginal benefit = 90 - 75
Marginal benefit = $15
Given that the additional charge is $20
Thus,
the marginal cost exceeds the marginal revenue
Hence, DeShawn should not continue the engine detailing service
