Answer:
Marketing information system.
Explanation:
By the definition of renowned marketing scholar Philip Kotler, a marketing information system is an information system that collects, selects, and analyzes relevant information to support the decision-making process of marketers.
This system functions as a cycle that systematizes internal and external organizational data to provide alternatives and determine future trends that may aid marketing team decision making.
Edith works for Fast Trades, Inc., a brokerage that facilitates frequent, quick securities transactions for investors. Edith steals her employer's computer program to start up her own competing business, Get Rich Quick, Inc. This is
Answer:
larceny
Explanation:
Larceny refers to the act of stealing someone else's property, it's what most people think of as stealing or theft. Although theft is a broader legal term that can be divided into larceny and burglary (when you steal something by using force). Larceny is considered a misdemeanor and is usually punishable with a fine or up to 1 year of prison time.
Edith's act of stealing her employer's computer program is a form of intellectual property theft and economic espionage, illegal acts that violate intellectual property laws and business ethics.
Edith's actions of taking her employer's computer program to start her own competing business in the context of Fast Trades, Inc. falls under the category of intellectual property theft. Intellectual property laws are designed to protect the creators of original works, which includes software. By stealing the program, Edith is not only violating the trust of her employer but also committing an illegal act called economic espionage, which could be punished under laws that protect trade secrets.
In a similar narrative, the movie 'Wall Street illustrates the allure and consequences of insider trading, yet another breach of financial regulations and ethics. While insider trading involves the misuse of confidential information for financial gain, intellectual property theft involves taking proprietary technology or ideas. However, both acts are prosecuted to preserve fairness and integrity in business and financial markets.
The Leonid Company master budget, which was based on planned activity of 42,000 units, resulted in a profit of $140,000. The company's flexible budget, which was based on actual activity of 40,000 units, resulted in a profit of $136,000. Actual profits, which resulted from the actual activity of 40,000 units, were $139,000. What was the company's sales activity (or sales volume) variance?
Answer:
$1,000 unfavorable
Explanation:
The sales activity variance is the difference between budgeted profit and the actual profit. This year's master budget estimated a $140,000 profit and the actual profit for the year was $139,000. This means that the variance was -$1,000 (= $139,000 - $140,000), or $1,000 unfavorable.
When using the direct write-off method off accounting for uncollectible receivables, the account Allowance for Doubtful Accounts is debited when a specific account is determined to be uncollectible. True or False
Answer:
False
Explanation:
Allowance for Doubtful Accounts account is a contra asset account. In this case it would lower the value Accounts Receivable account.
So when you use the write-off method for uncollectible receivables, the account Allowance for Doubtful Accounts is CREDITED. When an asset decreases, it should be credited.
As Malta got ready for its admittance into the European Union (EU), the EU removed all taxes on the importation of goods manufactured in Malta. In other words, the EU abolished ____ for Malta-manufactured merchandise.
a. import quotas
b. customs classifications
c. import standards
d. tariffs
e. boycotts
Answer and Explanation:
d. tariffs
Hey! How are you? My name is Maria, 19 years old. Yesterday broke up with a guy, looking for casual sex.
Write me here and I will give you my phone number - *pofsex.com*
My nickname - Lovely
You are a manager in a supermarket. One evening, you hear raised voices and see Chuck shouting at a customer, "I’m not going to put the bread in a separate bag! I’m going to put it in the top of this bag so it doesn’t get squashed. That’s good enough!" Because yelling at customers is not allowed, you intervene and take care of the customer, and you ask Chuck to meet you in the office. There you use____________suspending Chuck without pay for the rest of his shift, to try to prevent this behavior from happening again.
Answer:
punishment
Explanation:
Basically, the manager is trying to change the behavior of his employee, Chuck. In management and organizational psychology, that is often referred to as the reinforcement theory of motivation.
In this example, the manager uses remuneration punishment in order to alter Chuck's noted behavior pattern.
NOTE - This is not to be confused with negative reinforcement, which is also related to the reinforcement theory. Although the term negative may imply some similarities with punishment, negative reinforcement is a different concept. While punishment is directly weakening the unwanted behavior, negative reinforcement is strengthening a desired behavior, by means of removing an unwanted consequence for the employee when he follows the wanted behavior pattern.
For example, a form of negative reinforcement would be if Chuck knew upfront that his pay would be reduced if he yelled at his customers and he avoided yelling in the first place because of that.
Suppose that a new government is elected in Lawrencia. The new government takes steps toward improving the court system and reducing government corruption. The citizens of Lawrencia find these efforts credible and outsiders believe these changes will be effective and long lasting. These changes will probably __________.
a. Raise real GDP per person and productivity in Lawrencia.
b. Raise real GDP per person but not productivity in Lawrencia.
c. Raise productivity but not real GDP per person in Lawrencia.
d. Raise neither productivity not real GDP per person in Lawrencia.
Answer:
The correct answer is option A
a. Raise real GDP per person and productivity in Lawrencia
Explanation:
GDP per capita shows the GDP per person in a country and is calculated as GDP/population.
A high GDP per capita shows the progress and productivity of the country. Therefore for a long lasting effect in Lawrencia, the GDP per person will increase progressively as well as productivity.
I'maGoldMiner has benefited from a record rise in gold prices in the global commodities market. While the price of its output is highly influenced by market speculation, if it wants to increase production to take advantage of the current profit-maximizing opportunity, the company
a) must accept market price for its physical capital inputs.
b) must reduce what it pays for inputs that make up its costs of production.
c) must reduce production to encourage speculators to drive gold prices higher.
d) must alter the price of its labor inputs to maximize profits.
Answer:
a) must accept market price for its physical capital inputs.
Explanation:
The price of gold in the commodity market is being influenced by market speculation. Market speculation implies investors are trying to profit from the changing prices of gold. When the market is active, the price of gold will be moving up and down depending on demand.
The current prices are high is a motivation to sell. For I'maGoldMiner to profit from the current high prices, it must continue with production. In the event the prices of physical capital inputs change, the company must accept the new prices. The high selling prices will assist the company in absorbing any changes input costs. That way, the company will maximize on the current high prices.
Final answer:
The correct response is that I'maGoldMiner must accept the market price for its physical capital inputs. They have no control over these prices, and must deal with them as they come.
Explanation:
If I'maGoldMiner wants to increase production to take advantage of the current profit-maximizing opportunity due to a record rise in gold prices, the company must navigate the economic principles of supply and demand. When demand for the good produced increases, leading to higher output price and profitability, producers typically require more labor to increase production. However, in the case of physical capital inputs, the firm must often accept the market price, which is influenced by external factors beyond their control, similar to petroleum for chemical companies or coffee for coffee shops. On the other hand, labor costs may be more controllable; although, altering them significantly to maximize profits must be done within the competitive labor market context.
The correct answer to this question is option (a) the company must accept market price for its physical capital inputs. Companies generally cannot control the market prices for their inputs, especially commodities like gold, which are subject to international market dynamics. Attempting to alter labor costs can be a strategy, but this can only be done within the limits of market competitiveness and labor laws.
Abby sold a parcel of land for $18,000. She paid a real estate agent a commission of $1,200 for assisting with the sale. Abby had purchased the land several years earlier for $14,500. What is the gain on the sale of the land?
a. Gain of $3,500
b. Gain of $16,800
c. Gain of $18,000
d. Gain of $2,300
Answer: D - Gain of $2,300
Explanation: Abby bought the land for $14,500 several years ago.
She sold the land for $18,000 less commission paid to the agent at $1200.
Abby from the above statement made a gain and its calculated thus:
Sale of land =$18,000
Less:
Cost of the land =$14,500
Commission = $1,200
Gain = $18,000-$14,500-$1,200= $2,300
In an attempt to understand its target markets better, Intel Labs Flexible displays group has been studying the product adoption stages and strategies. Intel Labs can expect to find all of the following EXCEPT that:________.
Answer:
Three categories of adopters who will adopt flexible displays.
Explanation:
Intel Labs can expect to find all of the following EXCEPT that there are three categories of adopters who will adopt flexible displays. Market specialists have characterised purchasers into five classes based on their selection of an item during various phases of such item's reality cycle. The 5 adopter classes are Innovators, Early adopters, Early majority, Late majority and Laggards.
Bruner Stores wants to have 500 shovels in ending inventory on December 31. Budgeted sales for December are 1,950 shovels. The November 30 inventory was 320 shovels. How many shovels should Benson Stores purchase for December?
Answer:
Purchases = 2100 shovels
Explanation:
given data
ending inventory = 500 shovels
Budgeted sales = 1,950 shovels
inventory = 320 shovels
to find out
How many shovels should Benson Stores purchase for December
solution
we know here ending inventory formula that is express as
Ending inventory = Beginning inventory + Purchases - Sales .......................1
put here value we will get Purchases
so that
500 = 320 + Purchases - 1950
Purchases = 500 + 1950 - 350
Purchases = 2100 shovels
Reece has decided to start his own brewery. To purchase the necessary equipment, Reece withdrew $20,000 from his savings account, which was earning 3% interest, and borrowed an additional $50,000 from the bank at an interest rate of 5%. What is Reece's annual opportunity cost of the financial capital that has been invested in the business?
Final answer:
The annual opportunity cost of the financial capital invested in the business is $3,100.
Explanation:
The annual opportunity cost of the financial capital invested in the business can be calculated by determining the interest that would have been earned if the money had not been invested in the business. In this case, Reece withdrew $20,000 from his savings account, which was earning 3% interest, and borrowed an additional $50,000 from the bank at an interest rate of 5%. So the opportunity cost will be the sum of the interest that would have been earned on both amounts.
The interest earned on the $20,000 withdrawn from the savings account is $20,000 * 0.03 = $600.
The interest on the $50,000 loan is $50,000 * 0.05 = $2,500.
Therefore, Reece's annual opportunity cost of the financial capital invested in the business is $600 + $2,500 = $3,100.
The unemployment that is caused by changes in the economy, such as shifts in manufacturing techniques, increased use of computers and electronic machines, and increases in the production of services instead of goods, is called_________.A. frictional unemployment.B. cyclical unemployment.C. natural unemployment.D. structural unemployment.
Answer:
D. structural unemployment.
Explanation:
D
Structural unemployment is caused by changes in the economy, such as shifts in manufacturing techniques, increased use of computers and electronic machines, and increases in the production of services instead of goods.
Structural unemployment is caused by technological change.
Cyclical unemployment is caused by business cycles. In down turns, unemployment rises and falls during a boom.
Frictional unemployment is the period between when Labour leaves his job and gets another one.
Bob works as a forklift driver in a manufacturing plant. When he is at work, he is covered by workers compensation insurance. His employer has also included a major medical plan as part of his benefit package, so Bob is also covered by insurance outside of working hours, as well. Which insurance term best describes this arrangement?1. Combination coverage2. 24-hour coverage3. Comprehensive coverage4. Workers medical coverage
Answer:
2. 24-hour coverage
Explanation:
Based on the description being provided based on Bob's workers compensation coverage policy it seems that his arrangement is best described as a 24-hour coverage. This refers to a policy that covers the individual at all times, 24 hours a day. While the individual is at work as well as when they are outside of work.
Most employees at Quokka Systems are organized into project teams. Employees report to the project leader, but they also report to a leader responsible for their functional specialization (such as engineering or marketing). Quokka Systems has a:__________
a. Simple structure
b. Matrix structure
c. Divisional structure
d. Functional structure
e. Network structure
Answer:
The correct answer is b. Matrix structure .
Explanation:
The matrix organizational structure is atypical as it brings together employees and managers of different departments to work towards achieving a goal. The matrix structure is a combination of functional and division structures. The first divides departments within a company of developed functions, while the second divides them by products, customers or geographic location. Small business owners must understand the benefits and limitations of the matrix structure before implementing it in their businesses.
One of the advantages of applying a parent organization structure in a business is that it can lead to an effective exchange of information. Departments work closely and communicate with each other frequently to solve problems. Efficient lines of communication improve productivity and allow rapid decision making. For example, in a matrix structure, people in the marketing, finance and product departments can confer with others to formulate strategies. The exchange of specialized information allows administrators to respond quickly to the needs of customers and their organization.
On Monday, Merlin buys a tablet for $500 from a Pads & Pods store. On Tuesday, he returns to the store and buys a GPS device for $200. On Wednesday, he downloads $100 worth of tunes from singsong. To be enforceable as a contract, a writing is required for the purchase of
Answer:
Tablet only.
Explanation:
As Given Merlin have bought tablet for $500, he return it and buy GPS device for $200 and downloaded tunes for $100.
Most of commercial agreement is unwritten and many contract does not require to be in writing, however, uniform commercial code (UCC) have made certain exception for which written contract is required.
Under uniform commercial code (UCC), certain contract for sales of goods Article 2 must be in writing.
All the sales of goods worth $500 and more must have contract in writing and must be signed by the party against which enforcement is sought. It is valid even if the contract is not written in detail, it is enforceable.
Therefore, only purchase of Tablet must have contract in writing as it is worth $500.
Final answer:
As Given Merlin have bought tablet for $500, he return it and buy GPS device for $200 and downloaded tunes for $100.
Explanation:
To be enforceable as a contract, a writing is required for the purchase of goods where the price is $500 or more according to the Uniform Commercial Code. Most of commercial agreement is unwritten and many contract does not require to be in writing, however, uniform commercial code (UCC) have made certain exception for which written contract is required.
In the scenario presented, Merlin buys a tablet for $500 on Monday from Pads & Pods store, a GPS device for $200 on Tuesday, and downloaded $100 worth of tunes from singsong on Wednesday. By law, the tablet purchase for $500 requires a written contract to be enforceable because it meets the threshold value, whereas the GPS device and the tunes do not require such writing as they are under the $500 limit.
Raycom Construction needs heavy-duty equipment to install a new pipeline in northern Alaska. Raycom's engineers have been asked to provide detailed specifications and recommendations for the equipment needed. The Raycom engineers will primarily play the __________ role in the company's buying center.
a. user
b. initiator
c. gatekeeper
d. buyer
e. influencer
Answer:
e. influencer
Explanation:
Influencer -
Is a person , that influences other person for any task like , work , dressing style , makeup etc , is known as an influencer .
Hence , from the question ,
The engineers of the Raycom construction plays the role of influencer in the company's buying center .
Therefore , from the question ,
the correct term for the given statement is e. influencer .
The Raycom engineers will primarily play the "influencer" role in the company's buying center. They will provide detailed specifications and recommendations for the heavy-duty equipment needed to install the new pipeline in northern Alaska. Therefore, option eis correct.
The term "influencer" within the context of a buying center refers to the individuals or groups who possess expertise and knowledge relevant to a purchasing decision and have the ability to influence the final buying choice.
In the case of Raycom Construction's pipeline project in northern Alaska, the engineers fulfill the influencer role by leveraging their technical expertise to provide detailed specifications and recommendations for the heavy-duty equipment required.
Their input carries significant weight in shaping the final decision, as they possess the specialized knowledge necessary to assess the equipment's suitability and performance for the specific project requirements.
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Procter and gamble vizir launch case study review Should P&G launch Vizir in Germany or as a ‘ Eurobrand ’ ? When should the launch take place?
Answer:
The answer is no, it should be launched as a product on Europe wide Basis. The vizir is one of the detergents of the P&G detergent's line available in Europe.
Explanation:
Because that is the best strategy. In this way, each subsidiary is free to develop its own marketing strategy accoding to the environment and local production. Germany, Belgium, France and UK will have their own strategy for marketing and production.
P&G should initially launch Vizir in Germany to leverage existing brand familiarity and then consider expanding as a 'Eurobrand' with tailored strategies. Thorough market research and ideal timing, such as the back-to-school season in fall, are crucial. This approach maximizes consumer trust and market penetration.
Should P&G Launch Vizir in Germany or as a 'Eurobrand'?
When considering whether Procter & Gamble (P&G) should launch Vizir in Germany or as a 'Eurobrand', it’s essential to analyze past case studies and market dynamics. One prominent example is P&G's earlier attempt to rebrand Fairy as Dawn in Germany, which led to a significant loss in market share due to the strong local brand affinity that was disrupted.
Launching Vizir specifically in Germany allows P&G to leverage the familiar and trusted brand connection which is crucial for success, as seen in Fairy's case. On the other hand, launching Vizir as a 'Eurobrand' could potentially streamline branding and marketing efforts across Europe but risks encountering the same issues if the brand does not resonate equally well in different countries.
When Should the Launch Take Place?
Timing is also critical. P&G should consider market conditions, competitive landscape, and consumer readiness. Ideally, launching during a period of economic stability and after thorough market research would maximize the chances of success. Moreover, seasonal factors such as the back-to-school season in fall, which sees a rise in household product purchases, could provide an opportune window for the launch. This strategic timing helps in capturing a wider audience ready for new household products.
In conclusion, P&G should consider launching Vizir initially in Germany to maintain brand familiarity and consumer trust and then gradually expand to a 'Eurobrand' with tailored strategies for each market. Launching during periods when consumers are more likely to purchase household products, such as the fall season, would optimize the launch's success.
"A justification/recommendation report would be written to evaluate which equipment to buy. Justification reports are always indirect because the audience must be persuaded. First the writer would discuss the problem and then address alternative solutions. The author would choose the most promising alternative—the recommendation—and explain why its advantages surpass its disadvantages."
Answer and Explanation:
The type of report best-suited for studying available options is the feasibility report. These reports are prepared either internally or by hired consultants to study the various options available before taking a decision. Costs and benefits of each available option is weighed in and technical / financial viability is measured.
It is organised indirectly to include the subject of the study, the decision, background information of they problem, the evaluation of positive and negative options of proposed solutions, costs and schedules for implementation of the solution are outlined.
Amongst the three given answers in the question, the closest report that studies the available options is
A firm that is pursuing a(n) _____ strategy is simultaneously trying to achieve low costs through location economies, economies of scale, and learning effects, and trying to differentiate its product offering across geographic markets.
Answer: Transnational strategy
Explanation:
The transnational strategy is the type of method that allow the organization for maintaining all the foreign functions an also achieve the low cost due to the location economic.
The Transnational strategy is one of the type of strategy which allow the organization for initiate the various types of functions for preserving the central coordination in the particular location.
This strategy basically differentiate between the product across the geographical market and also foster the various types of multinational skills in the global network.
Which of the following scenarios describes an offer?a.Raoul asks Wendy if she would be willing to sell her first-edition copy of War and Peace.b.Wendy replies, "I couldn't possibly part with that book for less than a couple thousand dollars."
Answer: A -Raoul asks Wendy if she would be willing to sell her first-edition copy of War and Peace.
Explanation: An offer is a legal term used in a contract. An offer is made by an intending buyer to an intending seller regarding a product or service.
The offer is a legal question that is asked by a willing buyer if the seller of the product would consider selling it or not.
An offer can be accepted or declined by the person being made the offer.
The scenario that describes an offer from the original question is D. Luther says to Consuela, "My son needs tutoring in Spanish. I'd like you to come to my home on Monday and Wednesday nights beginning next week for two-hour sessions, and I'll pay you $40 per hour. I'd like you to tutor him for the next three months."
What is an offer?An offer is a legal term in a contract that describes the promise that one party makes to the other party.
This offer states what the party that made the offer will give to the other party, if the other party engages in a certain action.
Luther in this scenario, made an offer to Consuela and promised to pay a certain amount if Consuela teaches his son.
In conclusion, option D is correct.
Options to this question include:
A. KD Lamp Company sends out a catalog to customers that lists prices for various types of light bulbs.
B. Raoul asks Wendy if she would be willing to sell her first-edition copy of War and Peace. Wendy replies, "I couldn't possibly part with that book for less than a couple thousand dollars."
C. Nestor places an antique pocket knife, which he inherited from his father, up for auction. He tells the auctioneer that he hopes to get at least $250 for the knife.
D. Luther says to Consuela, "My son needs tutoring in Spanish. I'd like you to come to my home on Monday and Wednesday nights beginning next week for two-hour sessions, and I'll pay you $40 per hour. I'd like you to tutor him for the next three months."
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Construct a 98% confidence interval for the population mean, μ. Assume the population has a normal distribution. A study of 14 car owners showed that their average repair bill was $192 with a standard deviation Round to the nearest cent.
The confidence interval for the given case is {196.97,187.03}
Explanation:Sample Size = 14
Standard Deviation (SD) = $8
To construct a 98% confidence interval for the population mean, we need to use the formula:
[tex]CI = x + Z * (s/\sqrt{n)[/tex]
Where:
x is the sample mean
s is the sample standard deviation
n is the sample size
Z is the critical value corresponding to the desired confidence level
In this case, the sample mean is $192, the standard deviation is not given, and the sample size is 14. Since the population is assumed to have a normal distribution, we can use the Z-value for a 98% confidence level, which is approximately 2.33.
Plugging the values into the formula, we have:
[tex]CI = $192 + 2.33 * (s/\sqrt{14)[/tex]
Thus,
= 192 ± 2.326*8÷√(14)
= {(192 + 4.97),(192 - 4.97)}
= {196.97,187.03}
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A new bridge across the Allegheny River in Pittsburgh is expected to be permanent and will have an initial cost of $30 million. This bridge must be resurfaced every 5 years at a cost of $1 million. The annual inspection and operating costs are estimated to be $50,000. Determine its equivalent annual worth at an interest rate of 10% per year.
Final answer:
The equivalent annual worth of the bridge at an interest rate of 10% per year is $39,260,948.94.
Explanation:
To determine the equivalent annual worth of the bridge, we need to calculate the present value of all the costs over the lifetime of the bridge. The bridge must be resurfaced every 5 years for a period of time, after which it is expected to be permanent. Let's assume the bridge will last for 50 years.
First, we calculate the present value of the initial cost of $30 million at an interest rate of 10%. Using the formula for present value of a single amount, we get:
Present Value of Initial Cost = $30,000,000 / (1 + 0.10)^0 = $30,000,000
Next, we calculate the present value of the resurfacing costs of $1 million every 5 years. We do this for each 5-year period and then sum up the present values using the formula for an annuity:
Present Value of Resurfacing Costs = (PMT / (1 + i)^n) + (PMT / (1 + i)^(2n)) + ... + (PMT / (1 + i)^(kn))
where PMT is the resurfacing cost, i is the interest rate, n is the number of compounding periods, and k is the number of times the cost is incurred. In this case, k = 10 (50 years / 5 years) and PMT = $1,000,000. Evaluating the sum, we get:
Present Value of Resurfacing Costs = ($1,000,000 / (1 + 0.10)^1) + ($1,000,000 / (1 + 0.10)^2) + ... + ($1,000,000 / (1 + 0.10)^10) = $8,991,080.26
Finally, we calculate the present value of the annual inspection and operating costs of $50,000. Using the formula for present value of an ordinary annuity, we get:
Present Value of Annual Inspection and Operating Costs = PMT * [(1 - (1 + i)^-n) / i] = $50,000 * [(1 - (1 + 0.10)^-50) / 0.10] = $269,868.68
To determine the equivalent annual worth, we sum up the present values of the initial cost, resurfacing costs, and annual inspection and operating costs:
Equivalent Annual Worth = $30,000,000 + $8,991,080.26 + $269,868.68 = $39,260,948.94
To set its sales force size, a company can first group accounts into different classes according to size, account status, or other factors related to the amount of effort required to maintain the account. It then determines the number of salespeople needed to call on each class of accounts the desired number of times. This is called the ______ approach.
Answer: Workload
Explanation:
The workload approach is one of the type of method that set the size of the sales force and also helps to reduce the complexity.
It higher the volume of the products for establish the practice between the customers and manufacturing the products. The workload approach mainly focus on the various types of management issue such as marketing communication, market sharing goals and the pricing and the investment.Therefore, Workload approach is the correct answer.
Sonny's Surfer Shop produces and sells custom surf boards. Assume that labor is the only input that varies for the firm. The firm's owner has determined that if she hires 10 workers, the firm can produce 10 surf boards per day. If she hires 11 workers, the firm can produce 12 surfboards per day. The firm sells each surfboard for $2,000 . and it pays each of its workers $200 per day. Which of the following is correct?a. For the 11th worker, the value of the marginal product of labor is $400.b. For the 11th worker, the value of the marginal product of labor is $4,000.c. The firm should not hire the 11th worker since hiring this worker reduces profit.d. In order to justify hiring the 11th worker the firm will need to raise the price of a surfboard.
Answer:
B) For the 11th worker, the value of the marginal product of labor is $4,000.
Explanation:
The marginal product of labor (MPL) of a company is the total change in output achieved by hiring an additional worker. To calculate the MPL we have to multiply the change in output (measured in units) times the revenue generated by every extra unit of output.
In this case, the MPL = 2 surfboards x $2,000 per surfboard = $4,000
Before buying paint from a paint store, Dustin, a college professor, asked the salesperson if the paint could be used safely to paint the inside of his fireplace. The salesperson said that it was heat resistant paint and could be used for that purpose. Which of the following warranties was created by the salesperson's statement?
A. An express warranty
B. An implied warranty of fitness for a particular purpose
C. An implied warranty of merchantability
D. Both a and b
Answer:
A, B and C are correct
Explanation:
An express warranty is a warranty that is clearly expressed. In this case, the salesperson said the paint was heat resistant and could be used for painting the inside of a fireplace.
An implied warranty of fitness for a particular purpose means that the product works or it is fit for a particular use or purpose. In this case, the seller told Dustin that the paint could be used to paint the inside of a fireplace.
The warranty of merchantability is always implied, unless it is expressly disclaimed by the seller or the name of the product (e.g. sold with all faults). This means that the product should be good enough to be bought by an ordinary customer.
The statement by the salesperson created both an express warranty and an implied warranty of fitness for a particular purpose, as the advice was tailored to the specific use indicated by Dustin, the buyer.
This is a clearly written or oral statement about what a product is capable of, suggesting that the paint will resist heat and be safe for the intended use. Additionally, because Dustin specified the purpose for the paint and relied on the salesperson's expertise, an implied warranty of fitness for a particular purpose is also created.
Warranties are a promise to repair or replace a product and hold the seller responsible for adequate instructions and warnings about the product's risks. By asserting that the paint is suitable for painting inside a fireplace, the seller implicitly provides a warranty regarding the paint's performance under these conditions.
While you were visiting a friend, someone robbed their apartment and stole your laptop computer. Unfortunately, they did not have renter's insurance. Where can you look for help to replace your computer
Answer:
The correct answer is Your homeowners insurance policy .
Explanation:
A standard homeowners insurance policy includes four essential types of coverage:
Coverage for the structure of your house. Coverage for your personal belongings. Civil liability protection. Additional expenses in case you cannot live in your house temporarily due to a fire or other disaster that is insured in your policy.2. Coverage for your personal belongings . Your furniture, clothing, sports equipment and other personal items are covered if they are stolen or destroyed by a fire, hurricane or other disaster stipulated in the policy. Most companies provide coverage of between 50% and 70% of the amount of insurance you have for the structure of your property. So if you have a $ 100,000 premium on your insurance for the structure of your property, you would have between $ 50,000 and $ 70,000 of coverage for your belongings. The best way to determine if you have sufficient protection is through an inventory.
This part of your policy includes protection for your personal belongings when they are away from home (off-premises). This means that if you decide to have this type of coverage, your belongings are covered anywhere in the world. Some companies limit the amount to 10% of the total insurance you have for your possessions. In addition, you have coverage of up to $ 500 for charges that you had to pay for fraudulent use that could be a victim for you and your credit cards.
Marta is 52 years of age and expects to retire from her current employer at age 65. Marta’s employer contributes $2,000 to a qualified retirement plan for Marta’s benefit in the current year. How will Marta’s employer treat the contribution?
Answer:
Martha's employer can deduct the $2,000 contributed from its income for the current year.
Current tax law enables employers or employees to deduct their full contribution to qualified retirement plans either for employees or themselves.
So if Martha herself contributes another amount of money, she can also deduct that amount from her gross income.
Faith's job is to provide copywriting services for promotions from several major clients. Anna works closely with her on the artwork for the promotions. After they are all finished, their colleague Phillip arranges the artwork and copy. Currently, they are developing a print advertising campaign. If their manager approves their work, they will be able to go ahead and proceed to the next step in the development of the campaign.
Answer:
Faith, Anna, and Phillip most likely work at an advertising agency.
Phillip is most likely working on layout.
The production function is Select one: a. influenced by the productivity of workers. b. the marginal revenue produce minus the wage rate paid to workers. c. the increase in the amount of output from an additional unit of labor. d. All of the above are correct.
Answer:
D, all of the above are correct.
Which of these can be listed as benefits of filing your tax return online?
I. Allows you to claim a larger number of deductions
II. Allows for faster receipt of any refunds due
III. Allows for greater accuracy when filing
Answer:
The correct answer is (II) and (III)
Explanation:
Electronic tax return forms enable you to make online instalments, which are quicker and less difficult than paying with a money order. There is no possibility of an electronic instalment being lost via the post office. It helps to pay your bills on time and it allow to have a greater accuracy of filling, that means the chances of mistakes are minimal while filling online tax returns.