Answer:
C) Sales markets of the foreign entity are primarily in foreign countries.
Explanation:
The US dollar is the most commonly used currency in the world, and most of foreign trade is carried out using the US dollar. If the foreign entity sells most of its production overseas (exports) then they will use the US dollar as their functional currency since all their exports will be valued in US dollars.
Oriole Company uses the units-of-activity method in computing depreciation. A new plant asset is purchased for $52000 that will produce an estimated 80000 units over its useful life. Estimated salvage value at the end of its useful life is $3200. What is the depreciation cost per unit?
Answer:
$ 0.61 per unit
Explanation:
The unit-of-activity method is one of the asset depreciation methods. Under this method, the depreciable cost of the asset is spread over the units produced. The formula is a more accurate measure of wear and tear.
In this case:
Depreciable cost=(purchase price -salvage value)
=$52000.00 -$3200.00
=$48,800.00
Depreciation per unit= Depricable cost / expected production
=$48,800/80000
=$ 0.61per unit
university researchers create a positive externality because what they discover in their research labs can easily be learned by others who haven't contributed to the researchers costs. What could the federal government do to equate the equilibrium quantity of university research and the socially optimum quantity of university research produced?
A) tax universty researchers
B) offer grants to university researchers
C) eliminate subsidized student loans
D) nothing
Answer:
B) offer grants to university researchers
Explanation:
Positive externality is when the benefits of economic activities to third parties exceeds its costs.
Research and development activities usually generate positive externality because discoveries and inventions are made which benefits the whole society.
Also, education generates positive externality .
Government can encourage activities that generates positive externality by giving grants and subsidies.
Giving grants and subsidies reduces the cost of activities.
Taxes increases the cost of production and this can discourage production.
It is activities that generate negative externality that are usually taxed.
Negative externality is when the benefits of economic activities to third parties is less than the cost.
Big Data includes:
a. large volumes of data with many different data types that are processed at very high speeds.
b. large volumes of entity-relationship diagrams (ERD) with many different data types that are processed at very high speeds.
c. large volumes of data entry with a single data type processed at very high speeds.
d. large volumes of entity-relationship diagrams (ERD) with a single data type processed at very high speeds.
Answer:
Your correct answer is B. Large volumes of eninty-relationship diagrams (ERD) with many different data
types that are prossesed at very high speeds.
Explanation:
PLEASE MARK BRAINLIEST!!!
Many locations require that renters be paid interest on their security deposits. If you have a security deposit of $3,600, how much would you expect to receive in interest per year at 3 percent?
Answer:
So you should expect to receive $108 in interest per year
Explanation:
If you put money on security deposit, it is still your money and you should receive interest for it like when you put money on a bank deposit.
For a $3,600 deposit with 3 percent per year interest, the interest you should be paid would be:
3,600 * 0.03 = $108
When recording the payment of interest using the effective-interest method, the entry will include a ______ to Discount on bonds payable in the amount of the difference between the cash payment based on the ______ interest rate and interest expense based on the ______ interest rate. debit; stated; market credit; stated; market debt; market; stated credit; market; stated
Answer:Debit , market, stated.
Explanation: An actual payment of interest from a payables account is always entered as a debit in that account ledger. Then when calculating the effective interest : it is the the difference between the cash payment based on the market interest rate and interest expense based on the stated interest rate.
Assume General Motors has decided to build an assembly plant in St. Louis. The plant will employ 1,000 full-time workers at an annual wage of $40,000 each. If the marginal propensity to consume in St. Louis is 2/3, what change in income will result from the operation of the plant for one year?
Answer:
$80 million
Explanation:
The total income received by the plant's employees during the year will be $40 million (= 1,000 employees x $40,000 per employee). Since their propensity to consume is 2/3, they the employees will spend $26.67 million and save $13.3 million.
The money multiplier can be calculated using the formula: money multiplier = 1 / (1 - MPC) = 1 / (1 - 0.67) = 1 / 0.33 = 3
To determine the total income effect in St. Louis we have to multiply the money spent times the money multiplier = $26.67 million x 3 = $80 million
The operation of a new General Motors assembly plant in St. Louis, given the marginal propensity to consume of 2/3, will result in a total change in income of $120,000,000 for the city due to the multiplier effect.
Explanation:The question asks about the economic impact of a new General Motors assembly plant in St. Louis, employing 1,000 workers at an annual wage of $40,000 each, given a marginal propensity to consume of 2/3. To calculate the change in income resulting from the operation of the plant for one year, we must consider the multiplier effect based on the marginal propensity to consume. The initial increase in income due to the plant's payroll is 1,000 workers multiplied by $40,000, which equals $40,000,000. With a marginal propensity to consume of 2/3, this means that for every additional dollar earned, residents will spend 2/3 and save the remaining 1/3.
Using the formula for the multiplier, which is 1/(1 - marginal propensity to consume), the multiplier here would be 1/(1 - 2/3) = 3. Therefore, the total change in income is the initial change multiplied by the multiplier, which is $40,000,000 times 3, giving a total increase in income of $120,000,000.
Tyler Jones is the CEO of a medium-sized manufacturer of bedding and blankets. Tyler insists on making all decisions on what styles are manufactured; the type of material that will be used in each; the sources from which the company will purchase yard goods, thread, and buttons; and the shippers the company will use. Which of the following terms describes this company?
a. routinized
b. centralized
c. formalized
d. standardized
Answer:
centralized
Explanation:
Based on the information provided within the question it can be said that the term that best describes this company is centralized. This term refers to an organization in which all decisions are made at the top of the company and those executives hold all the power. Which in this case is Tyler who is the top executive in the company and makes all the decisions.
Tyler Jones' management style, where he makes all significant decisions regarding manufacturing processes and materials, is centralized since the authority is concentrated at the top of the organization.
Explanation:The CEO of a medium-sized manufacturer of bedding and blankets, Tyler Jones, who insists on making all decisions on manufacturing styles, material types, sourcing, and shipping, is demonstrating a management style that is described as centralized. In a centralized organization, decision-making authority is concentrated at the top level, and there is little delegation to lower levels.
In contrast, routinized relates to repeated processes, formalized refers to structured procedures within an organization, and standardized implies uniform practices across an organization. However, Tyler's control over numerous operational decisions most directly relates to a centralized management approach, not necessarily implying routine, formalization, or standardization of the company's practices.
Marvin is an employee of Wild Thing Farms. Marvin finds out that the head of Wild Thing Farms is illegally importing endangered animals to sell as pets. If Marvin reports his employer’s illegal activities he will probably be protected fro retaliatory discharge by______________.
A. No statutes
B. Whistleblower statutes
C. Unemployment statutes
D. Worker compensation statutes
Answer:
B. Whistleblower statutes
Explanation:
A whistleblower is any person who discovers activities that could be inappropriate, illegal, or unethical and reports them to the authorities. A whistleblower exposes ill-doings to the relevant authorities or the media. The perpetrators of the wrongdoings always want their acts to remain a secret. They intimidate and threaten anyone who dares to expose them.
The whistleblower statutes were enacted to protect any person who exposes misconduct from any harm. The law safeguards them from any form of retaliatory action. Workers who report their superiors have the jobs protected by the law. Their superiors cannot threaten or reprimand them for their actions.
Kathleen is elated after getting promoted to senior sales manager. She aims to get her next promotion by the end of the next fiscal year. She wants to gain more recognition in the organization and in the society. In the context of Maslow's Hierarchy of Needs, this scenario best illustrates Kathleen's _____
A) belongingness needs
B) esteem needs
C) physiological needs
D) safety needs
Answer:
B) esteem needs
Explanation:
Esteem is the desire for respect and recognition. It incorporates a sense of self-confidence, achievement, self-esteem, success, and mastery. Esteem is an internal and emotional need that require reinforcement by the external environment. For example, an employee may consider themselves hardworking and excellent in their job. Should the management affirm these qualities to the worker in the presence of his colleagues, then his esteem will be elevated.
Kathleen is seeking more recognition in the workplace. She believes she is good enough to earn the next promotion. Getting the promotion will validate her self-judgment, thereby uplifting her esteem.
Esteem is the fourth level in the Maslow's hierarchy of needs. It can only be achieved after meeting the first three, which are 1) physiological, 2) safety and security, and 3) love and belonging needs.
As the brain receives information about the lines, angles, and edges of objects in the environment, higher-level cells process and interpret the information to consciously recognize objects. This process best illustrates______.a sensation.b bottom-up processing.c perception.d selective attention.e psychophysics.
Answer: (C) Perception
Explanation:
The perception is basically depend upon the individual person interpretation of the given situation and everyone has different perception based on the different types of situation.
The perceptive is the process in which the sensory information are get interpreted, selected and the organized.
According to the question, the given process is basically illustrate about the perception by interpreting the received information for consciously reorganized the given object.
Therefore, Option (C) is correct.
The Tostitos BCS National Championship game will feature the top two college football teams competing for the national title. The Tostitos brand name is included in the event’s name because Frito-Lay, the manufacturer, paid for:
1. sponsorship.2. co-branding rights.3. cooperative advertising.4. direct marketing privileges.
Answer:
Explanation:
Sponsorship is a marketing approach where a company pays some amount to be associated with an event. Sponsorship marketing is common in sporting tournaments. Corporates offer sporting teams money to participate in certain sporting activities. Organizations may also sponsor the sport itself by funding the association that organizes the events.
By spending money on sponsorship marketing, corporates hope to benefit by gaining recognition. When a company sponsors an event, it acquires the privileges to carry out brand promotion during the event. For example, the company may place burners in the venue of the activity, or it may have its name printed on the T-shirts of the team or teams competing. In this case, the Tostitos brand name is included.
Al files for bankruptcy. Al has been making loan payments to his company's credit union through payroll deductions. After being notified of the bankruptcy, his employer continues to deduct the loan payments from his paychecks. Al's employer:____a. is in violation of the bankruptcy code.b. is required to continue taking the deductions.c. can continue taking the deductions until the loan is repaid.d. can continue taking the deductions for 180 days.
Answer:
A. Is in violation of the bankruptcy code.
_______________ pulls together shipments from a number of sources (often plants) in the same geographic area and combines them into largerlong dashand hence more economicallong dashshipping loads. A. Break-bulk warehousing B. Hub-and-spoke systems C. Consolidation warehousing D. Postponement warehousing
Answer:
C. Consolidation warehousing.
Explanation:
Consolidation warehousing is basically a warehouse that puts together from a number of suppliers into the same geographical area and shipped them out.
eneral Products Inc. is a small clothing designer and manufacturer located in the United States. A vast majority of the company's revenues comes from U.S. sales, although about ten percent of the company's revenue come from sales to Canada. General Products Inc. can best be described as using which global corporate strategy?
a. Domestic strategy
b. Multidomestic strategy
c. Globalization strategy
d. Transnational strategy
e. Export strategy
Answer: The correct answer is "e. Export strategy".
Explanation: and. Export strategy is the global corporate strategy that best describes General products inc. because In spite of being in the United States and that the majority of its income comes from there, it does not stop focusing the business in Canada, because 10% of the income comes from exports to Canada.
The level of aggregate supply in the long-run is not affected by________. A. Changes in the capital stock. B. changes in the number of workers. C. changes in the price level. D. changes in technology.
Answer: C. Changes in the price level
Explanation:
In the long run only change in capital, change in the amount of labour and technological changes affects the level of aggregate supply because everything in the economy is assumed to be used optimally. Therefore, on a LONG RUN price level does not affect the level of aggregate supply.
On a bank's T-account, which are part of the banks liabilities? a. neither deposits made by its customers nor reserves b. both deposits made by its customers and reserves c. reserves but not deposits made by its customers d. deposits made by its customers but not reserves
Answer:
D. deposits made by its customers but not reserves
Explanation:
According to the conceptual framework of the International Financial Reporting Standards (IFRS), a liability is an obligation, a present obligation as a result of past transaction, the settlement of which future economic benefits are expected to flow out from the entity or result in a reduction in the assets of the entity.
The focus is on the word 'obligation'.
As such, when customers make deposit in a bank, the obligation (liability) of the bank increases as the funds deposited remain that of the customer and the bank is obliged to pay the customer whenever the customer demands the funds.
The bank usually sends the customer a credit alert which is a snapshot of the banks position with the customer. This credit alert tells the customer that the liability of the bank has increased as a result of the deposit made by the customer.
A reserve on the other hand, is a retention of profit from previous financial periods. A reserve is usually added under capital in the statement of financial position as an increase in equity, thus a reserve is not a liability.
I hope this helps you understand the question better and you can solve similar questions
After developing a new jewelry design, Christina and Julee were fortunate to get the attention of a large online retailer. The retailer was willing to fund the production of the jewelry abroad, as long as the designers agreed to sell their design through its outlets for the first two years. The retailer was asking Christina and Julee to agree to____________.
Answer:
Exclusive distribution
Explanation:
The retailer is asking Christian and julee to agree to exclusive distribution. Exclusive distribution is where an organisation chooses to make its items accessible to clients through a predetermined number of retailers or merchants. The term states to a sort of understanding between a maker a couple of go-between to give the items to shoppers in a particular geological territory.
ANSWER:
exclusive distribution
STEP-BY-STEP EXPLANATION:
Exclusive distribution is where an organization chooses to make its items accessible to clients through a predetermined number of retailers or merchants. The term alludes to a sort of understanding between a maker a couple of middle people to give the items to customers in a particular land are.
The word “exclusive” implies that the distribution is carefully defined and implemented by the producer through only one channel. Under this type of arrangement, the distributor chosen by the producer is the only one that owns the rights to sell the product. This term differs from other possible types of distribution that place the products in numerous different retailers and channels.
Below are data from the income statement of Brown, Inc: Beginning finished goods inventory $16,000Ending finished goods inventory $21,000 Cost of goods sold $43,000 Gross margin from sales $39,000Operating expenses; Marketing and selling $20,000Net income $19,000What was Brown's cost of goods manufactured?
Answer:
Cost of goods manufactured = $48,000
Explanation:
Cost of goods sold = Beginning inventory + Cost of goods manufactured - Cost of Ending inventory
In the given information, the cost of goods sold = $43,000
Beginning inventory = $16,000
Ending finished goods inventory = $21,000
Thus, putting value in equations we have:
$43,000 = $16,000 + cost of goods manufactured - $21,000
$43,000 + $21,000 - $16,000 = Cost of goods sold
$48,000 = Cost of goods manufactured.
Final answer:
Brown's cost of goods manufactured is calculated by adding the cost of goods sold to the ending finished goods inventory and subtracting the beginning finished goods inventory, resulting in a total of $48,000.
Explanation:
To calculate Brown's cost of goods manufactured, we need to consider the beginning finished goods inventory, cost of goods sold, and ending finished goods inventory. Using these components, we apply the following formula:
Cost of Goods Manufactured = Cost of Goods Sold + Ending Finished Goods Inventory - Beginning Finished Goods Inventory
Plugging in the provided numbers, we have:
Cost of Goods Manufactured = $43,000 + $21,000 - $16,000
The cost of goods manufactured for Brown, Inc. is $48,000.
The Illinois populations of the greater prairie chicken benefited when managers brought in prairie chickens from other populations. This restored genetic variation to the Illinois populations through the process of __________.
Answer: Gene Flow
Explanation:
In the population genetics, the gene flow which is also referred to as the allele flow is described as the transmission of the genetic alteration from one ends of the population to the other. If the amount of the flow tends to be high enough, then the respective populations are known to to have the equal allele frequencies and thus effectively can be termed as the single population.
Answer: C. genetic drift
Explanation: :)
Use this formula to help solve the problem. gross income = total of all incomes added together Given the following information what does the gross income for the month equal? Cash = $100, Checks = $200, Credit Card Charges = $400
Answer:
$700
Explanation:
Data provided in the question:
Formula for gross income
gross income = total of all incomes added together
Cash = $100,
Checks = $200,
Credit Card Charges = $400
Now,
gross income according to the given formula will be
Gross income = Cash + Checks + Credit Card Charges
or
Gross income = $100 + $200 + $400
or
Gross income = $700
The gross income for the month, calculated by adding together the amounts from cash, checks, and credit card charges ($100 + $200 + $400), equals $700.
Explanation:The question asks to calculate the gross income for the month using the given formula: gross income = total of all incomes added together. Given the amounts from various sources, which are Cash = $100, Checks = $200, and Credit Card Charges = $400, we simply need to add these amounts together to find the total gross income for the month.
To compute the gross income, add the amounts from each source:
Adding these together gives us: $100 + $200 + $400 = $700.
Therefore, the gross income for the month equals $700.
Ted is compiling a survey on consumer preferences. In order to achieve the most accurate snapshot of their likes and dislikes, he should include more than 20 questions and ask respondents to spend approximately 30 minutes answering the questions.
a) true
b) false
Answer:
The correct answer is b) false.
Explanation:
A consumer survey allows companies to collect information from potential consumers who use various media.
Written surveys: this is used when a researcher tries to collect complete information from consumers. Written surveys should be concise, because if they are long, consumers may not complete them.
Questions from these types of surveys should be carefully selected so that feedback is easily obtained. Written surveys can be sent to a random sample of individuals and the responses can be analyzed in a generalized manner, so that they represent a population.
Typically, this type of survey is used to gather information on sensitive issues, as respondents can take their survey home and provide comments at the most convenient time.
Zacher Co.'s stock has a beta of 1.40, the risk-free rate is 4.25%, and the market risk premium is 5.50%. What is the firm's required rate of return? Select one: a. 11.36% b. 11.65% c. 11.95% d. 12.25% e. 12.55%
Answer:
option (c) 11.95%
Explanation:
Data provided in the question:
Beta = 1.40
Risk-free rate, Rf = 4.25%
Market risk premium, Rm = 5.50%
Now,
Required rate of return = Rf + ( beta × Rm )
on substituting the respective values, we get
Required rate of return = 4.25% + ( 1.40 × 5.50% )
= 4.25% + 7.7%
= 11.95%
Hence,
the correct answer is option (c) 11.95%
Joey has recently joined an advertising firm as an executive. He keeps asking Michael, his manager, for feedback on his performance. Michael, who normally has problems giving feedback to his subordinates, is delighted by Joey's attitude. In this context, which of the following needs could Joey be rated high on?
A. Need for affiliationB. Need for powerC. Need for recognitionD. Need for achievementE. Need for self-actualization
Answer:
Letter D is correct. Need for achievement.
Explanation:
The need for achievement is related to an individual who needs achievement, achievement of high working standards, control and mastery of skills and competencies. Workers with this need are motivated to work hard to achieve complex goals that ultimately increase their sense of satisfaction and achievement.
Generally those who develop this need are influenced by pressure and external expectations and characterize a competitive individual profile that due to motivation and determination has the ability to excel in relevant activities.
A ________ has three characteristics.
(1) a source of competitive advantage making a significant contribution to perceived customer benefits.
(2) has applications in a wide variety of markets.
(3) is difficult to imitate.
Answer: Core competency.
Explanation: Are the main qualities a company possess that distinguishes it in the market. This core skills and ideas possessed by the company is very hard to copy by other companies.
The core competency of a company most times is the company's key selling point in the field it specialises in. This qualities endears the customers of a company to it.
Final answer:
A well-respected brand name fits the criteria of contributing to customer benefits, having wide market applications, and being hard to imitate, thus it provides a company with a sustainable competitive advantage in business.
Explanation:
The subject of this question is core to the concept of competitive advantage and applies to Business studies at the College level. Of the given options, the correct answer that fits all three criteria - contributing to perceived customer benefits, having applications in a wide variety of markets, and being difficult to imitate - is e. A well-respected brand name that has been built up over many years. A patented invention may also fit these criteria, however, a patent has a limited life span after which it can be imitated.
Establishing a brand takes significant time and effort, and it engenders customer loyalty that is not easily replicated. This enduring loyalty contributes to retaining a competitive edge, manifests in different market segments, and provides resistance to imitation by competitors. The strength of a brand comes from sustained product differentiation and the prestige associated with the brand, which can sustain superior profitability and market position in the long run.
The Assembly Department shows the following information: Beginning Work in Process Ending Work in Process Units Transferred Out Units 19900 65300 30200 How many total units are to be accounted for by the Assembly Department? a) 75600. b) 65300. c) 95500. d) 85200.
Answer:
a) 75600.
Explanation:
Given;
Beginning Work in Process = 19900
Ending Work in Process = 65300
Units Transferred Out Units = 30200
Total units are to be accounted= x
19900 - 30200 + x = 65300
x = 65300 - 19900 + 30200
x = 75,600
Target costing starts with: the selling price of an organization’s end product minus the operating profit to establish the target cost. the buyer’s lowest reasonable price target, and works to a negotiated price agreed on by the buyer and the supplier. the supplier’s price, and works to determine the supplier’s true cost structure. the supplier’s price, and works to determine the selling price of the buying organization’s end product or service. the selling price of an organization’s end product minus actual manufacturing, overhead, and materials costs to determine operating profit.
Answer:
the selling price of an organization’s end product minus the operating profit to establish the target cost.
From the sales price and gain we stabliosh the maximum cost for the product. We must optimize our purchases strategy and manufacturing processto allow this cost to be possible.
Explanation:
the supplier’s price, and works to determine the supplier’s true cost structure.
the supplier’s price, and works to determine the selling price of the buying organization’s end product or service.
If we start from the supplier price, we are going to end up doing a markup from cost which is the traditional method
The buyer’s lowest reasonable price target, and works to a negotiated price agreed on by the buyer and the supplier.
We cannot bargain with the "buyer" unless we face a monopoly or monopsony else; it will be a lot of potential consumers and negociate with all of them is not viable. Also there is no target cost from this option.
the selling price of an organization’s end product minus actual manufacturing, overhead, and materials costs to determine operating profit.
Then, there is no target; we subtract our cost and what is left is operating profit there is no pressure to optimize or improve our ways.
The problems of aggregate inflation and unemployment are:A. major topics of macroeconomicsB. not relevant to the US economyC. Major topics of microeconomicsD. peculiar to command economies
Answer:
major topics of macroeconomics
Explanation:
Macroeconomics is a branch of economics that studies how the economy behaves.
Macroeconomics studies inflation, unemployment, gross domestic product and national income.
Microeconomics studies how economic agents make economic decisions concerning the allocation of scarce resources.
Inflation and unemployment can occur in all types of economies because of inefficency in the economy and business cycles.
Aggregate inflation and unemployment are central concerns of macroeconomics, which studies economic issues at a broad scale, including how to address mismatches between supply and demand that can lead to joblessness or rising prices.
Explanation:The problems of aggregate inflation and unemployment are indeed major topics of macroeconomics. These issues typically arise when the economy fails to coordinate the forces of supply and demand efficiently. For example, cyclical unemployment happens when aggregate supply and demand intersect at an output level below potential GDP, causing joblessness. Inflation occurs when aggregate demand exceeds aggregate supply, leading to too much money chasing too few goods. Macroeconomics aims to analyze these issues, understand their causes, and identify policy solutions to manage or mitigate them.
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Johnna is 78 years old. She is deeply connected with nature, continuing to go for nature walks on a daily basis, and is very involved with her church, regularly attending services and praying throughout the day. She also has a well-developed sense of humor and is loved by her family, congregation, and community. Maslow would likely describe Johnny as: _________.
Answer: Self-actualized
Explanation:
Under this particular case Maslow would most likely describe Johnna as a self-actualized individual. Johnna is being referred to as a Self-actualized individual as she is doing all she is capable of, i.e. at the age of 79 she is connected with earth and is involved with church. It also refers to individuals longing for the self-fulfillment.
Johnna would likely be described by Maslow as a self-actualized individual based on her qualities and behaviors.
Johnna would likely be described by Maslow as a self-actualized individual. Self-actualizers, as explained by Maslow, value deep personal relationships, possess a sense of humor, accept themselves and others, display spontaneity, humility, creativity, and ethical behavior. They also have a genuine compassion for mankind, as reflected in Johnna's nature-connectedness, involvement in her church, and her positive impact on her community.
According to the theory of supply-side economics, a cut in the tax rate will actually result in an increase rather than a decrease in tax revenues. Which statement best explains how this is supposed to happen?
Answer:
When the government lowers tax rates, both consumer spending and private investment increase, leading to an increase in economic growth which will in turn contribute to increase government revenue through a higher tax base.
Explanation:
For every dollar that an individual earns, two things happen:
propensity to consume: proportion of total income that individuals decide to spend instead of saving. Consumer spending increases private consumption. propensity to save: proportion of total income that individuals decide to save instead of spending. All the money individuals save become private investment.Sierra offers to sell Alyssa a Scottish terrier puppy for $800. Alyssa and Sierra do not discuss the dog’s ancestry, but Alyssa believes that the dog came from champion lines and agrees to the price. Alyssa later discovers that the puppy is worth only $200. Can Alyssa rescind the contract based on her mistake?
a. Yes, because Alyssa had a duty to investigate, which she failed to perform.
b. Probably not, because Alyssa made a mistake about the dog’s value, not a mistake about a material fact.
c. Probably so, because Alyssa made a mistake about a material fact.
d. Yes, because the dog was clearly not worth $800.
Answer:
The correct option is B
Explanation:
Sierra offers to sell a puppy to Alyssa for the amount of $800. And they did not discuss the ancestry of the dog but Alyssa believes that the dog is from champion line. So, agreed on the same.
But later on she discovered the fact the she has been overpriced. So, grounded on this she is not allowed to revoke the contract. As she made made a mistake regarding the value or the worth of the dog not on the material fact of the dog.