There is no contract between Fiona and Simon because Fiona's offer specified that Simon must let her know by the following Sunday if he wishes to buy the car, but Simon sent a cheque without informing Fiona of his decision within the specified timeframe.
In order for a contract to be formed, there must be an offer, acceptance, consideration, and an intention to create legal relations. Fiona made the offer to sell her car for RM50,000, and Simon's act of sending a cheque for that amount could potentially be seen as an acceptance. However, Fiona's requirement for Simon to inform her by the following Sunday if he wishes to buy the car becomes an essential condition of the offer.
Since Simon sent the cheque on Tuesday without informing Fiona within the specified timeframe, his act does not fulfill the condition set by Fiona. Therefore, there is no valid acceptance, and as a result, no contract is formed between Fiona and Simon.
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Complete question:
business law: Fiona offers to sell her car for RM50 000 to Simon She made this offer while they were playing golf on Sunday Fiona informed him that if he wishes to buy the car, he must let her know by next Sunday. On Tuesday Simor encloses a cheque for the said amount and posts it to Fionas house address and this letter reaches her on I Thursday. Discuss as to whether there is a contract between them
Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem
The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.
If it is because of the inability to care for their kids while at work, then the company can solve this problem by:
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
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What is Fitt principle and how it is important in exercise program?
Fitt principle is defined as one way to remember the simple guidance for what should be included in a fitness plan is to write them down. It is important to remember that each family member's fitness goals will differ depending on age, gender, current fitness level, and available.
What is Fitt principle?It is the one way to remember the general guidelines for what should be included in a fitness plan is to use the acronym FITT (frequency, intensity, time, and type).
Therefore, the Fitt principle is critical to remember that each family member's fitness goals will vary depending on gender, age, current fitness level, and available time.
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Robert works for a manufacturing company. His job profile requires that he keep track of the amount of raw materials that the business needs
to meet the required output (production). He also keeps a record of products that are semi-finished and are about to complete the production
process. Lastly, Robert keeps track of the finished products, keeping in mind the retailers' requirements. Which of these crucial aspects of the
distribution function is Robert Involved in?
A product handling
B. Inventory control
purchase planning
storage
OD
Answer:
B. Inventory control
Explanation:
Inventory is the term used to describe products in the various stages of production. Inventory refers to the raw materials used to make products, goods partially produced( work -in -progress), and the finished goods awaiting sales.
Robert's responsibilities revolve around inventory control. He is part of the supply chain team that coordinates material movement from the source, in the production process, and delivery to the market.
Deciding whether to use scratch cookery or purchase convenience (partially prepared) items is part of which of the 5 'm's?
The decision of whether to use scratch cookery or purchase convenience (partially prepared) items is part of the "Method" element of the 5 'M's of menu planning.
The methods, tools, and procedures utilised to prepare the menu items are referred to as the method. It includes decisions about how to prepare and cook the food, whether to use fresh ingredients or pre-made ones, and how to serve and show the finished dish.
The end product's quality, the kitchen's effectiveness, and the cost of the menu item can all be significantly impacted by the decision to use convenience foods instead of scratch-cooked food. Chefs and foodservice managers must carefully weigh the benefits and drawbacks of employing convenience meals against cooking from scratch (which may take more time, skill, and ingredients) (which may offer consistency, convenience, and cost savings).
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Utilitarianism is an approach to ethics that means. A. Fairness is the fundamental aspect of ethical conduct and people in a dispute should look at the situation outside of their own interests in the outcome to decide what is right. B. Journalists often face conflicts among ethical principles in the course of their work and must often make difficult decisions. C. Whatever does the most good for the most number of people is best. D. Not all ethical precepts can be applied in all situations, but they do provide useful guidelines for media professionals in their behavior.
Answer:
C. Whatever does the most good for the most number of people is best.
Explanation:
Utilitarianism (utilitarian ethics) can be defined as a theory of morality or ethical theory that typically involves engaging in actions that facilitate pleasure, joy or happiness while completely opposing any action capable of causing harm and unhappiness.
Basically, utilitarianism (utilitarian ethics) considers an action to be right or morally correct if it produces genuine happiness or joy in the mind of a large number of people in an organization, group or society.
The three (3) main principles (axioms) of utilitarianism (utilitarian ethics) include the following;
I. The only thing with an intrinsic value is pleasure or happiness.
II. If an action promotes happiness or pleasure, then it is right; it is wrong if it causes harm or unhappiness (sadness).
III. The happiness of everyone in a group or society should count equally.
This ultimately implies that, utilitarianism is a philosophical approach to normative ethics that means whatever does the most good for the most number of people is best.
Situation 1 You are a salesperson at a jewelry counter and observe a professionally dressed female customer waiting in line for several minutes. She is checking her watch frequently, anxiously looking around, and sighing often. When she arrives at the counter, she makes direct eye contact with you and without smiling states, "I want to buy a 16 inch 14-karat gold twisted-link necklace like the one advertised in today's paper. I also want a small gold heart pendant and would like these to cost no more than $300. Can you help me? Oh yes, I almost forgot. Wrap that in birthday paper. This gift is for my daughter's birthday." Behaviour style: /3 Why do you think that is this person's behaviour style? Defend your choice
The customer's behavior style is aggressive.
Behaviour style: The customer's behaviour style can be identified as aggressive as they are anxious and sighing frequently. The customer also makes direct eye contact and without smiling demands the salesperson to find and wrap the necklace in birthday paper. Additionally, the customer is demanding and sets specific requirements such as the length and quality of the necklace, the small gold heart pendant, and a certain cost, which means the customer's behavior is aggressive.
All behaviours are learned through conditioning, and conditioning takes place through interaction with the environment, according to the behaviourist theory of learning. Behaviourists contend that environmental cues influence our behaviour.
This school of thinking, often known as behavioural psychology, essentially holds that behaviour can be studied methodically and observably regardless of underlying mental processes. Behavioural theory also contends that because cognition, emotions, and mood are so subjective, only observable behaviour should be investigated.
Strict behaviourists hold that anyone can be taught to accomplish any task, within the bounds of their physical ability, regardless of their genetic origin, personality qualities, or inner thoughts. It only needs the proper conditioning.
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A type of business that deals in both goods and services is
Teacher
Soft Drinks
Barber
Restaurant
Answer:
Restaurant
Explanation:
Answer is restaurant as it provides both goods and services
True or False: The income statement records all the revenues and expenses for a given period and shows whether the firm is making a profit or is experiencing a loss.
The given statement is true becasue the income statement records all the revenues and expenses for a given period and shows whether the firm is making a profit or is experiencing a loss.
The income statement is a financial statement that summarizes a company's revenues and expenses over a specific period of time, usually a quarter or a year. It shows the company's profitability by subtracting expenses from revenues. If the result is a positive number, the company is making a profit, and if the result is negative, the company is experiencing a loss.
The income statement is a critical financial statement that helps investors, creditors, and management evaluate the company's performance and financial health.
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The loan amount (principal) is $50,000 and the annual interest paid is $5,500. What is the annual interest rate
Answer:
The interest rate is 11%
Explanation:
The loan amount = $50000
Interest amount = $5500
Since the annual interest amount and the principal amount is given so we have to find the interest rate by using the given information. Below is the formula to find the interest rate.
Let the interest rate = x
Principal × interest rate = Interest amount
$50000 × r = $5500
r = $5500 / $50000
r = 0.11 or 11%
The interest rate is 11%
Suppose the federal reserve wants to decrease the money supply by $400 billion. If the reserve requirement (rr) is 0.2. Calculate the change in reserves that the federal reserve must make.
The change in reserves that the federal reserve must make is $80 billion.
The Federal Reserve System, usually referred to as the Federal Reserve or simply "the Fed," is the nation's central bank. It was created by Congress to give the nation a more stable, flexible, and secure financial and monetary system.
The Federal Reserve is responsible for the secure, flexible, and stable monetary and financial system of the country. The Fed's main duties are to supervise and control banks, carry out national monetary policy, maintain financial stability, and provide banking services.
Reserve requirement = 0.2
Simple money multiplier = 1/Reserve Ratio = 1/0.2 = 5
change in reserves = Increase in total reserves × Simple money multiplier
$400 Billion = Increase in total reserves × 5
Increase in total reserves = $400 billion/ 5
Increase in total reserves = $80 billion
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In your own words, explain Supply and Demand. In Assignment 1: Scarcity and Choice you are given an example of the supply and demand of PlayStation 2. Think about your life and then provide one example of your own of Supply and Demand.
RESPOND IN 5 SENTENCES !
Supply and demand is the fundamental concept of economics that explains how prices are determined in a market economy. The law of supply and demand states that the price of a good or service is determined by the intersection of the quantity supplied and the quantity demanded. When the quantity supplied is greater than the quantity demanded, the price will decrease, and when the quantity supplied is less than the quantity demanded, the price will increase. In my own example, during the holiday season, the demand for certain gifts such as toys, electronics, and clothing increases, while the supply remains the same, therefore prices tend to increase, and you can find some goods out of stock. Another example can be during a pandemic where the demand for masks and hand sanitizers increases while the supply is limited, prices tend to increase.
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Why is it necessary to prepare a Trial Balance?
A Trial Balance is prepared to check whether the debit balance ___ the credit balance, which is the primary goal of accounting?
Answer:
Hello! Your answer shall be, BELOW
Explanation:
Preparing a trial balance for a company serves to detect any mathematical errors that have occurred in the double-entry accounting system. If the total debits equal the total credits, the trial balance is considered to be balanced, and there should be no mathematical errors in the ledgers.
A Trial Balance is prepared to check whether the debit balance FOR the credit balance, which is the primary goal of accounting?
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Answer:
Equals
Explanation:
the central bank of the united states performs many​ functions, one of which is that it​ _______.
The central bank of the United States, also known as the Federal Reserve, performs many functions, one of which is that it regulates the money supply and interest rates in order to maintain economic stability and promote growth.
The central bank of the United States, known as the Federal Reserve, performs many functions, one of which is that it regulates the nation's money supply through monetary policy. This involves actions such as setting interest rates, managing open market operations, and adjusting reserve requirements for commercial banks.
By performing these functions, the Federal Reserve aims to maintain economic stability and support the overall financial system.
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A small business takes out a bank loan of £7,000. The loan will be repaid over 5 years, with a monthly repayment of £125. The total interest the business will pay for this loan as a percentage of the total amount borrowed is:
The total interest the small business will pay for a £7,000 bank loan over 5 years is approximately 7.14% of the total amount borrowed.
To calculate the total interest paid as a percentage of the total amount borrowed, we first need to determine the total repayment amount over the loan period.
Since the monthly repayment is £125 and the loan is for 5 years (60 months), the total repayment would be £125 multiplied by 60, which equals £7,500.
The interest paid can be obtained by subtracting the original loan amount (£7,000) from the total repayment amount (£7,500), resulting in £500. To calculate the percentage, we divide the interest paid (£500) by the total amount borrowed (£7,000) and multiply by 100.
Therefore, the small business will pay approximately 7.14% (£500/£7,000 * 100) of the total amount borrowed as interest over the loan period.
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which one of these is an example of a necessary debt
Answer:
An example of unnecessary debt is when you change your clothes and don't really need on a high-interest score. Thus option C is correct.
What is unnecessary debt?
An unnecessary debt can be caused by a variety of issues such as expensive life events, having children, or moving to a new house. It may also be due to poor money management. The debt is due to those things that are not needed and hence are unnecessary.
Explanation:
Standards that represent levels of operation that can be attained with reasonable effort are called.
Answer:
normal standards
Standards that represent levels of operation that can be attained with reasonable effort; sometimes called normal standards.
Which is a true statement about the principles of organization?
The organizational principles are indeed similar regardless of the size of the business. This is a True statement.
The Scalar Principle, Delegation of Authority, Division of Labor, and Unity of Command. The four tenets of the organization are as follows.
The scale of a business's operations determines the production and, in turn, the number of sales it generates. You can run a business on a big scale, a medium scale, or a small scale. Return on assets, a proxy for financial performance, shows that firm size has a positive impact.
The size of a company may be a sign that it is expanding, which will cause the market to react favourably. The size or scale of a company increases as total assets and sales increase.
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A document that refers to a customer billing for merchandise bought on credit is called a(n):
Answer:
Invoice
Explanation:
A sales transaction can be defined as a business transaction between two or more individuals or organizations, which generally involves the buyer purchasing either a tangible or intangible goods and services from the seller (service provider) through the use of money, credit cards or vouchers.
An invoice can be defined as an accounting document which is used for recording the essential details of the payment of goods and services made by a customer. It is the first step in the sales transaction, as it is expected that the seller or service provider makes it available and issues it for all sales transactions. Also, it is an essential accounting document which serves as an evidence of payment and delivery of goods and services to the customer.
In conclusion, a document that refers to a customer billing for merchandise such as finished goods like television, smartphone, shirt, trouser, cup, radio, furniture, etc., bought on credit is called an invoice.
multiple answers
These statements are true regarding association with a headhunter or recruiter:
1)referring other hard workers is appreciated by headhunters and recruiters
2) headhunters and recruiters work for you
3) instead of burdening your headhunter or recruiter, you should save time and contact an employer directly
4) headhunters and recruiters work for the employer
Headhunters and the recruiters both of them work for the employer of the company.
Option fourth is the correct answer.
Who is an employer?An employer is an individual who controls and manages the affairs of a company.
During the recruitment process, the recruiters hired individuals who are new to employment, that is, the freshers. In contrast, the headhunters hire those employees who already have an experience in the concerned field.
Therefore, the employer of the company is associated with both the headhunters and the recruiters.
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As a branch of study economics is said to be central to national planning discuss
Economics teaches you how to think more critically and influence judgments in order to get the best possible conclusion.
Economics has a part in our daily lives. Understanding previous, future, and current models allows us to apply them to society, governments, enterprises, and people.
Economics Assistance gives numerous examples about when economics is used, such as coping with manufactured goods shortages, establishing how prosperity is divided and redistributed throughout society, and evaluating the amount to which the government must engage in the economy utilizing concepts and measurements.
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A passive fund manager would be most likely to do which of the following ?A- Research the stocks in the benchmakr's portfolio extensively so as to align with itB- Align with both the market and individual funds by using competitive informationC- Beat the Benchmark Index performance by achivieng a higher returnD- Match the fund's performance to the benchmark index 's performance
A passive fund manager would be most likely to do Match the fund's performance to the benchmark index's performance. Thus the correct option is D.
What is a Passive fund?Funds that are managed passively stick to an index. High turnover may potentially be a problem for passively managed funds since the fund will experience it if the index experiences it. It results in lower risk, flexibility, effective tax rates, and ease of use.
An objective of a passive fund manager is to monitor the performance of a specific index or stock market. The index that passive managers are seeking to track and use to rebalance the fund are at odds with one another.
Therefore, option D is appropriate.
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The _ return is the return that an investor will probably earn on a risky asset in the future.
The predicted/expected returns is the go back that an investor will possibly earn on a volatile asset withinside the future. The predicted go back is the quantity of income or loss an investor can count on receiving on an funding.
An predicted go back is calculated with the aid of using multiplying capability consequences with the aid of using the percentages of them going on after which totaling those results. Expected returns can't be assured. The predicted go back for a portfolio containing a couple of investments is the weighted common of the predicted go back of every of the investments. Understanding Expected Return : Expected go back calculations are a key piece of each commercial enterprise operations and economic theory, which include withinside the famous fashions of the current portfolio theory (MPT) or the Black-Scholes alternatives pricing model.
For example, if an funding has a 50% threat of gaining 20% and a 50% threat of dropping 10%, the predicted go back might be 5% = (50% x 20% + 50% x -10% = 5%)The predicted go back is normally primarily based totally on ancient facts and is therefore now no longer assured into the future; however, it does frequently set reasonable expectations. Therefore, the predicted go back parent may be idea of as a long-time period weighted common of ancient returns. In the system above, for instance, the 5% predicted go back can also additionally in no way be found out withinside the future, because the funding is inherently challenge to systematic and unsystematic risks. Systematic threat is the risk to a marketplace area or the complete marketplace, whereas unsystematic threat applies to a particular organisation or industry.
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Which of the following is a personal benefit of eaming a college degree?
A. You have more friends.
B. You are more likely to exercise.
C. You have a longer life expectancy.
D. You are more likely to vote for the right candidate.
Answer:
Option B !!!!! :))
Explanation:
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Three key skills are necessary if you want to be a leader: ___________, ___________, and ___________.
A. interpersonal communication, problem solving, and organizational skills
B. organizational skills, teamwork, and problem solving
C. teamwork, conflict resolution, and athletic ability
D. teamwork, problem solving, and motivation
The three key skills that are necessary for a leader: interpersonal communication, problem solving, and organizational skills
Who is a leader?A leader is someone who get things done through others. The leader in an organization directs the affairs hence would be held accountable for the success or otherwise of the organization.
Leaders need to have various skills that will contribute to the success of their leadership abilities. However, the basic ones are interpersonal communication, problem solving, and organizational skills.
Some other leadership skills are ;
Decisiveness, ability to make decisionsCapabilities to mentor as well to teachRelationship building strategyAbility to solve problemPerseveranceHence, the three key skills that are necessary for a leader: interpersonal communication, problem solving, and organizational skills
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who founded the early study of management thought that became known as scientific management?
The early study of management thought that became known as scientific management was founded by Frederick Winslow Taylor. Taylor, an American engineer and management consultant, is widely recognized as the pioneer of scientific management principles.
In the late 19th and early 20th centuries, Taylor observed inefficiencies and poor productivity in industrial settings. He believed that management practices at the time lacked scientific rigor and could be improved through a systematic approach. Taylor's approach emphasized the application of scientific methods to improve efficiency, productivity, and worker performance.
Taylor introduced time and motion studies to analyze work processes and identify the most efficient ways of performing tasks. He advocated for the division of labor, standardization of work procedures, and the use of monetary incentives to motivate workers.
Taylor's ideas had a significant impact on industrial management, and his work laid the foundation for modern management practices. Scientific management principles influenced subsequent management theories and approaches, including the development of concepts like work specialization, performance measurement, and process optimization.
Frederick Winslow Taylor's contributions to the early study of management thought and the establishment of scientific management have had a lasting influence on the field of management and continue to shape managerial practices to this day.
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Who is the author of Carlo Gambino Paul's book?
Experience indicates that strategic alliances Multiple Choice are generally successful. work well in cooperatively developing new technologies and new products but seldom work well in promoting greater supply chain efficiency. work best when they are aimed at achieving a mutually beneficial competitive advantage for the allies. stand a reasonable chance of helping a company reduce competitive disadvantage but very rarely form the basis of a durable competitive advantage over rivals.
Answer:
stand a reasonable chance of helping a company reduce competitive disadvantage, but very rarely form the basis of a durable competitive advantage over rivals
Explanation:
Of course, a rival company is free and could also make its own strategic alliance. Hence, there is no durability in competitive advantage (ca) if a company based its hope on only forming strategic alliances.
For example, an older company that partners with a new transport/logistics company in order to reduce its cost of transportation (thereby assuming to increase ca), while also increasing the brand awareness of the logistics may be shocked when its major does a similar partnership with another logistics firm.
Bought a motor van by cheque would result in
A. Increase in motor van and decrease in bank
B. Decrease in motor van and increase in bank
C. Increase in motor van and increase in capital
D. Increase in motor van and decrease in capital
Answer:
The answer is B.
Hope this helps!
Answer:
B one is correct
Explanation:
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Which of the following symptoms is NOT associated with an allergic reaction?
Trouble breathing
Anxiety
OOO
Fainting
Screaming
When one is having an allergic reaction to something, one symptom that is not expected is Screaming.
An allergic reaction usually leads to the following:
Person has trouble breathing Person develops anxiety Person might faintIt is not a usual thing that a person will scream as a result of an allergic reaction.
We can therefore conclude that screaming is not associated with allergic reactions.
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