When he was a high school senior, Aronson researched colleges on the Internet. A primary consideration was cost and the nature and types of financial aid. The University of Mississippi's (UM) website had information on a John Waddell Scholarship, which provided $1,000 per year and a waiver of out-of-state tuition. Relying on this information, Aronson requested an application package. When he received it in October 1997, it had the 1997 catalogue. The catalogue further described the scholarship, including that it was offered to students who score 26-27 on the ACT and have a GPA of 90 percent or higher. Priority consideration was given to those admitted by April 1, 1997. To keep the scholarship, the student had to have a 3.0 or better GPA. Aronson sent in his application and was admitted on November 6, 1997. He sent a check on April 6, 1998, for orientation fees and a room deposit. Before orientation, Aronson's stepfather called UM to ensure that Aronson met the scholarship requirements and was told that he did and that it was for $1,000 per year and waiver of out-of-state tuition. At orientation, the stepfather was told that the criteria had changed, that Aronson did not qualify for the waiver, and that the total had been reduced to $2,000. When UM refused to give him the $4,000 plus the waiver, Aronson sued. Did Aronson and UM have a contract based on the terms in the catalogue? Why?
Answers
Yes, Aronson and UM had a contract based on the terms in the catalogue.
1. Aronson researched colleges and found information about the John Waddell Scholarship on the UM website, which offered $1,000 per year and a waiver of out-of-state tuition.
2. He requested an application package and received the 1997 catalogue, which further described the scholarship requirements, such as a score of 26-27 on the ACT, a GPA of 90% or higher, and maintaining a 3.0 GPA.
3. Aronson applied and was admitted to UM on November 6, 1997, which indicates that he met the requirements for the scholarship.
4. Aronson's stepfather called UM to confirm that Aronson met the scholarship requirements, and UM confirmed that he did, reinforcing the contract between Aronson and UM.
5. Aronson relied on the information in the catalogue and the confirmation from UM when he sent a check for orientation fees and a room deposit, indicating his acceptance of the scholarship offer.
However, at orientation, UM informed Aronson's stepfather that the criteria had changed, Aronson did not qualify for the waiver, and the total amount was reduced to $2,000. Since Aronson relied on the original terms in the catalogue and UM had confirmed his eligibility, UM's refusal to provide the $4,000 and waiver is a breach of the contract established by the catalogue terms.
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Related Questions
Which variable is NOT a demand shifter? a. price of substitutes b. price of complements c. price of raw materials d. tastes and preferences
Answers
The variable that is NOT a demand shifter is c. price of raw materials. Demand shifters are factors that can cause a change in the quantity demanded of a good or service, other than its own price. These factors include the price of substitutes, the price of complements, and tastes and preferences.
When the price of substitutes increases, consumers tend to switch to the cheaper alternative, causing a decrease in the demand for the original good. On the other hand, when the price of complements increases, it makes the original good more expensive to use, leading to a decrease in demand for both goods.
Tastes and preferences also play a significant role in shifting demand. When consumers' preferences change towards a particular product, it leads to an increase in demand for that product. For example, if there is an increase in health consciousness among consumers, there will be an increase in demand for healthy food products.
However, the price of raw materials does not directly affect the demand for a product. It may affect the cost of production and ultimately influence the price of the final product. Still, it does not cause a shift in demand.
In conclusion, out of all the given options, c. price of raw materials is not a demand shifter as it does not directly affect the quantity demanded of a good or service.
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Explain two factors A&B should take into account when deciding which price method to use.
Answers
Answer:
Whether the demand for their product is elastic or inelsatic AND whether they have close competitors
Explanation:
*DEMAND ELASTIC OR INELASTIC*
If the product A&B is selling has close substitutes, the product is likely to be more elastic. This means that even a slight rise in price will shift consumers to the substitutes ( competitor's product) which have lower prices. Moreover if the product takes a larger proportion of people's income, and is a luxury, the price is likey to be elastic. However if the product is inelastic ( the product doesn't have close substitutes), an increase in price will not cause much fall in sales, resulting in the prevention of losses in revenue. By using this knowledge A&B can determine whether or not they can use price skimming or promotional pricing.
*CLOSE COMPETITORS*
If the product that A&B is selling has close competitors, raising the price greater than competitor's prices will result in losses of A&B and it will loose customers to rival businesses. A&B can also decide by observing the quality of rival's products and examine whether they should further increase the quality and set higher prices for their product to create a 'higher quality image'.
Through these observations A&B can decide if competitive pricing or penetration pricing will be suitable for it or not.
nathan is a successful senior employee at his company. he has five years of experience in the company and is well recognized for his contributions. the vice president of human resources tells nathan about therese, an employee hired for her keen intelligence. according to the vice president, therese is struggling to make an impact because she does not speak up assertively or understand who to talk to when she has questions. the vice president asks nathan to serve as a mentor to therese. what would this role involve?
Answers
The first step in the process is self-evaluation. Students are asked to identify their values, interests, abilities, and personality as part of this.
Which of these is the primary objective of behavior-based diversity training programs?A successful diversity training program's primary objective is to foster a positive work environment by assisting employees in recognizing and embracing differences among coworkers.
Which five phases of career planning are there?This paper's model outlines five crucial steps to successful career planning: initiation, investigation, selection, planning, and execution (Magnusson, 1991, 1992).Even though some clients may begin at the beginning and proceed sequentially through implementation, the processes are cyclical.
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why is the u.s. economy considered a modified free enterprise economy?
Answers
The U.S. economy is considered a modified free enterprise economy because while it operates largely on the principles of free market capitalism, the government also intervenes to regulate and stabilize the economy.
Some of the ways in which the government intervenes in the U.S. economy include:
Regulating businesses: The government sets rules and regulations for businesses to ensure fair competition and protect consumers.
Providing public goods and services: The government provides public goods and services that are not profitable for the private sector to produce, such as highways, public schools, and national defense.
Redistributing income: The government collects taxes from individuals and businesses and uses some of that revenue to fund social welfare programs that provide support for low-income individuals and families.
Managing the money supply: The government manages the money supply through the Federal Reserve, which sets interest rates and controls the supply of money in circulation.
These interventions modify the free market system, which is why the U.S. economy is considered a modified free enterprise economy.
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Match the different account heads to the two aspects of business.
Answers
Answer:
See below
Explanation:
Match Source A
The business owns:
Are assets that belong to the business.
investments
intangible assets
Property, Plant, and Equipment
Current assets
Match source B
Match owes :
Refer to the liabilities of the business. They belong to others.
loans
payable
prompt: what is cash flow?
Answers
Cash flow pertains to the transfer of money in and out of an enterprise across a timeframe, commonly quantified via cash inflows and outflows.
What is cash flow?
Cash flow denotes the physical currency produced or dispensed through a company's exploitations, investments, and financial undertakings within a designated period- say, perhaps, one month, quarter, or year.
Cash flow assumes an essential financial measurement discerning for organizations appraising their fluidity, stability, and economic well-being. It grants intelligence into the amount of available monetary funds that companies might avail in extending short-term responsibilities, investing upon development opportunities, as well know putting together payouts to stakeholders.
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How different would your life be if there weren't social media platforms? Would your life improve? What would you miss?
Answers
Answer:
I think it would improve because then people will be more interactive and social and everyone will be way more kind and I think its just way better in every way be social media is addicting to people. do yee. =)
Answer:
It will improve
Explanation:
Because the the citizen will be more caring to other things. I think there isn't a thing that we would miss
Cody worked 59 hours last week. Of those hours, 40 hours were paid at the regular rate of $12.50. Ten hours were paid at time-and- a-half, and 9 hours at the double-time rate.
a) What was the gross pay for regular hours?
b) What was Cody’s overtime wages?
c) What was Cody’s total gross pay for the week?
Answers
Answer:
Explanation:
a. What was the gross pay for regular hours?
This will be the regular pay multiplied by the regular hours. This will be:
= $12.50 × 40
= $500
b) What was Cody’s overtime wages?
Cody's overtime wages will be the total amount earned during overtime. This will be:
= [10 × ($12.50 × 1.5)] + [ 9 × ($12.50 × 2)]
= (10 × $18.75) + (9 × $25)
= $187.50 + $225.
= $412.50
c) What was Cody’s total gross pay for the week?
The total gross pay for the week will be the addition of the amount that was earned during regular hours and overtime. This will be:
= $500 + $412.50
= $912.50
In response to the economic harm caused by the Covid virus, Congress enacted a law that, among other things, creates a new business loan program administered by the Small Business Administration (SBA). Under the new loan program, qualifying businesses may apply for and receive economic injury disaster loans (EIDLs) that contain very favorable repayment provisions. The maximum loan amount under the law is $2 million. The program also provided a $10,000 "advance" payment to all applicants, simply for filing the loan application. The applicant is entitled to keep the advance payment even if the loan application is denied by the SBA or the applicant decides not to accept the loan. Your employer meets all of the requirements for the EIDL and submitted a written application for the loan in early April, 2020. The SBA does not charge a fee for the application. Based on the new law and SBA regulations, the company was eligible for the maximum (\$2M) loan amount. The company received the $10,000 payment in early June 2020. Because of the popularity of the EIDL program, the SBA was slow in processing applications. In early July, the company was informed that its EIDL application was approved, but the amount of the loan is $150,000. No explanation was given as to the reduced amount of the loan. Research reveals that the SBA administrators, without changing SBA regulations or modifying SBA published materials about the $2M loan amount, internally decided to reduce all loans so that the program would not run out of money. Your employer can file a request for reconsideration with the SBA and has asked you to do so. In the request, would you contend that the SBA and your employer have a binding contract and the SBA violated the contract? If so, what factors support your contention? If not, what factors would dispute that contention?
Answers
The request for reconsideration should argue that the employer has a binding agreement with the SBA and that the SBA breached it by reducing the loan amount. The request should emphasize the factors that support this argument, such as the initial application for the loan.
The request for reconsideration should emphasize that the SBA created a binding agreement with the employer when it approved the loan application and provided an advance payment of $10,000. In addition, the request should emphasize that the SBA's decision to reduce the loan amount breached the terms of the agreement. The employer was entitled to the full $2 million loan amount under the terms of the program and the SBA had no authority to change the terms without notice or explanation.
An argument could also be made that the SBA's decision to reduce all loans was arbitrary and capricious. There is no indication that the SBA modified its published materials or regulations to justify its decision. In fact, the published materials still indicate that the maximum loan amount is $2 million. Without such disclaimers, the employer had no reason to believe that it was not entitled to the full $2 million loan amount.
The request for reconsideration should also emphasize that the employer relied on the SBA's representation that it was entitled to the full $2 million loan amount when it applied for the loan and made financial decisions based on that representation. The SBA's decision to reduce the loan amount has caused the employer significant economic harm and is a breach of the agreement.
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Which assumption would a lender most likely make about a person with a credit score around 800?
O that the person has invested a great deal of money in the stock market
O that the person has had very few delinquent payments in the past
O that the person has lived in the same city for a long time
O that the person has avoided using credit cards
Answers
Which document should a job seeker send with a résumé to a potential employer?
Answers
Answer:
c). cover letter
Explanation:
A cover letter is a formal letter or document that a job seeker sends to a potential employer together with a resume. The letter details the positions that the vacant applicant seeks to fill. The cover letter or job application letter accords the applicant the opportunity to market themselves to the employer.
In the cover letter, a job seeker states why they are the best candidate for the position. Applicants use the cover letter to convince the employer to hire them.
Answer:
cover letter
Explanation:
In the portfolio matrix, characteristics of goods and services in the leverage quadrant are:Multiple Choicecompetitive supply market, substitution is possible, total cost is a primary focuspetitive supply market, substitution is possible, price per unit is important.item substitution is possible, switching is difficult, many suppliers are available.item substitution and supplier switching are possible, but few suppliers are capable.few suppliers with adequate capability so substitution and switching are difficult.
Answers
Answer:
Competitive supply market, substitution is possible, price per unit is important.
Explanation:
A portfolio variance is used to determine the overall risk or dispersion of returns of a portfolio and it is the square of the standard deviation associated with the particular portfolio.
The portfolio variance is given by the equation;
\(Variance = w^{2}_{1} d^{2}_{1} + w^{2}_{2} d^{2}_{2}+2w_{1}w_{2}C_{OV_{1, 2}}\)
Where;
\(w_{n}\) = the weight of the nth security.
\(d^{2}_{n}\) = the variance of the nth security.
\(C_{OV_{1, 2}}\) = the covariance of the two security.
In the portfolio matrix, characteristics of goods and services in the leverage quadrant are competitive supply market, substitution is possible, price per unit is important. Thus, the leverage quadrant represents a significant part of expenditures and are really important for a business.
One of the core conceptual models we have considered this semester is Butler’s Destination Lifecycle. With reference to a tourism destination of your choice describe two reasons why it is sometimes difficult to determine a critical carrying capacity threshold.
Answers
However, the concept of carrying capacity is not always well defined or well understood. Some researchers define carrying capacity as the number of tourists that a destination can accommodate without causing environmental degradation,
One of the core conceptual models that are considered in tourism is Butler’s Destination Lifecycle. In relation to a tourism destination of your choice, there are two reasons why it is sometimes difficult to determine a critical carrying capacity threshold. These reasons are conceptual.The first reason is that carrying capacity is a conceptual term that is often difficult to determine. The carrying capacity of a destination depends on a range of factors such as the characteristics of the destination, the type of tourists that visit, and the tourist’s behavior. It is often difficult to determine the carrying capacity of a destination because of the complexity of these factors. The carrying capacity of a destination is not fixed; it can change over time due to changes in the destination’s environment.The second reason why it is sometimes difficult to determine a critical carrying capacity threshold is that carrying capacity is sometimes difficult to describe.
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The muffin house produces and sells a variety of muffins. the selling price per dozen is $16, variable costs are $15 per dozen, and total fixed costs are $300. what are breakeven sales in dollars?
Answers
Break even sales can be defined as the dollar amount of revenue at which a business earns a profit of zero. The breakeven sales in this case will be $4,800.
Given that,
Selling price per dozen = $16
Variable costs = $15 per dozen
Total fixed costs = $ 300
Contribution margin per dozen:
= Selling price per dozen - Variable costs per dozen
= $16 - $15
= $1
Contribution margin ratio:
= (Contribution margin ÷ Selling price per dozen) × 100
= ($1 ÷ $16) × 100
= 0.0625 × 100
= 6.25%
Break-even-sales in dollars:
= Total fixed costs ÷ Contribution margin ratio
= $300 ÷ 0.0625
= $4,800
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Discuss whether or not consu,er benefit more from a market economic system or mixed economic system
Answers
Answer:
It just depends on which characteristics the mixed economy emphasizes. For example, if the market has too much freedom, it can leave the less competitive members of society without any government support. Central planning of government industries also creates problems.
What is the gross income for a real estate agent in 2021?
Answers
Answer:
It depends on where you live and your experience level, but in the US a real estate agent can make approximately $82,898 a year, while you can expect to be paid around 15 to 30 thousand a year, within the first few years.
I hope this helps :)
16. Elvis is the owner of a furniture store in a small Southern town. He donated several hundred mattresses to the Red Cross immediately after hearing about the devastation caused in a neighboring state by a hurricane. He was motivated to do so by his desire to help others, by thoughts of the income tax deduction he could take, and by the recognition his store would receive from his act of charity. This is an example of
Answers
jack and jill have just had their first child. if college is expected to cost $ per year in years, how much should the couple begin depositing annually at the end of the next years to accumulate enough funds to pay 1 year of tuition years frm now? assume that they can earn a % annual rate of return on their investment.
Answers
The couple should begin depositing approximately $1,216.38 annually at the end of the next year to accumulate enough funds to pay for one year
To calculate the amount the couple should begin depositing annually at the end of the next year to accumulate enough funds for one year of college tuition years from now, we need the following information:
The expected cost of college tuition per year: $
The number of years until they need the funds: years
The annual rate of return on their investment: %
We can use the future value of an ordinary annuity formula to determine the annual deposits required. The formula is as follows:
Future Value = Payment x [(1 + r)^n - 1] / r
Where:
Payment = Annual deposit
r = Annual interest rate
n = Number of years
In this case, the future value of the annuity should be equal to the expected cost of one year of college tuition.
Let's assume the expected cost of college tuition per year is $40,000, the number of years until they need the funds is 18 years, and the annual rate of return on their investment is 5%.
Using these values in the formula, we can calculate the annual deposit required:
$40,000 = Payment x [(1 + 0.05)^18 - 1] / 0.05
Simplifying the equation:
$40,000 = Payment x (1.05^18 - 1) / 0.05
$40,000 = Payment x (2.6467 - 1) / 0.05
$40,000 = Payment x 1.6467 / 0.05
Dividing both sides of the equation by 1.6467 / 0.05:
Payment = $40,000 / (1.6467 / 0.05)
Payment ≈ $1,216.38
Therefore, the couple should begin depositing approximately $1,216.38 annually at the end of the next year to accumulate enough funds to pay for one year of college tuition 18 years from now, assuming a 5% annual rate of return on their couple.
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How important is money
Answers
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.
What is the purpose of advertising?
To make people want the things they do not have.
To expand the marketplace to a wider audience.
To explain to people the cost and risks of owning products.
To allow people to make choices about what is available.
Answers
It should be noted that the purpose of advertising is to expand the marketplace to a wider audience.
Advertising can be regarded as marketing strategy that is been utilized by organization and firms to promote their products and services.
It involves using media and other means to make the public aware about the products or services.
We can conclude that advertising is done on the purpose of making marketplace to a wider audience so that more people can patronize.
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Answer: To make people want the things they do not have.
Explanation:
The purpose of advertising is to make people want things they don’t have
do you think external recruitment is better than internal recruitment for 5 supervisors. justify your answer
Answers
Answer:
This question is opinion based
Explanation:
which of the following factors might best indicate the possibility of fraudulent activity in the production process
Answers
There are several factors that could indicate the possibility of fraudulent activity in the production process.
What are the factors?One of the best indicators could be inconsistencies or irregularities in the production records. For example, if there are missing documents or gaps in the production logs, it could be a sign that someone is trying to cover up fraudulent activity.
Additionally, sudden increases or decreases in production output or quality could also raise suspicion.
Other red flags could include unexplained shortages of raw materials or finished products, unauthorized access to production areas, or unusually high levels of waste or scrap.
It is important to investigate any suspicious activity thoroughly to prevent potential financial loss and reputational damage to the company.
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How do many people become millionaires?
A) All of these
B) They save aggressively.
C) They avoid debt.
D) The invest their money.
Answers
Answer:
all of the above is the answer
thats the correct answer
In the tutorial, you learned about various types of employee compensation. How would you structure the compensation for a new administrator? What incentives would you offer? Why?
Answers
As an Employee Compensation professional, the best way to structure the compensation of an organization, not just the administrator is to ensure that it meets the triple criteria of:
EquityCapacityObjectivity.Equity means that it is a scientific process that ensures that the system is fair, Capacity means that the company must be able to meet the compensation structure. Objectivity means that the structure helps to attain organizational objectives.
How would one structure the compensation of a new Administrator?Note that the role of an administrator involves a lot of interfacing and is both an office role and an onsite role in most cases.
In light of the above, you want to ensure that besides the basic components of
Basic SalaryHousing Allowance andTransport and other allowances such as Data, Call Credit, etc must be taken into consideration.Learn more about compensation:
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Financial Ratios show the relationship between two or more financial variables Group of answer choices True False
Answers
Answer:
true
Explanation:
the quality of resources, especially the quality of advanced factors of production, is not a determinate of whether a company is effective in transforming inputs into outputs.
Answers
The quality of resources, including advanced factors of production, can significantly impact a company's effectiveness in transforming inputs into outputs. Companies that prioritize investing in high-quality resources and continuously upgrading them are more likely to gain a competitive advantage and achieve sustainable growth in the long run.
The quality of resources, such as skilled labor, advanced technology, efficient machinery, and high-quality raw materials, plays a crucial role in determining a company's ability to produce goods or deliver services effectively and efficiently. High-quality resources can enhance productivity, reduce waste, improve product quality, and increase customer satisfaction.
For example, skilled and knowledgeable employees can utilize their expertise to optimize production processes, identify opportunities for innovation, and improve overall operational efficiency. Similarly, advanced technology and state-of-the-art machinery can enable faster and more accurate production, reducing errors and increasing output.
On the other hand, low-quality or outdated resources can lead to inefficiencies, production bottlenecks, and lower product or service quality. Inadequate resources can limit a company's capacity to meet customer demands, compete effectively in the market, and achieve desired business outcomes.
While the quality of resources is not the sole determinant of a company's effectiveness in transforming inputs into outputs, it is undoubtedly a critical factor that significantly influences operational performance and overall success.
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One of the benefits of adding a sinking fund provision to a municipal bond issue is that the bond will generally A) receive a higher rating. B) have a longer maturity. C) receive more favorable tax treatment. D) carry a higher coupon.
Answers
One of the advantages of adding a sinking fund provision to a municipal bond issue is that the bond will generally A: receive a higher rating.
A sinking fund is a means of repaying money borrowed through a bond issue by making periodic payments to trustees who retire part of the issue by buying the bond on the open market. While, municipal bonds are debt securities bonds issued by cities, states, counties, and other government bodies to fund day-to-day obligations and to fund capital projects, such as highways, building schools, or sewer systems.
It is permittable to add a sinking fund to a municipal bond issue which provides an advantage of receiving a higher rating.
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Which website citation is written correctly in MLA style?
“CareerOneStop.” 2013. Web, May 18, 2013. US Department of Labor and the State of Minnesota.
“US Department of Labor and the State of Minnesota, 2013.” CareerOneStop. 18 May.
CareerOneStop. US Department of Labor and the State of Minnesota, 2013. Web. 18 May 2013.
US Department of Labor and the State of Minnesota. “CareerOneStop.” Web, May 18, 2013.
Answers
Answer:
C. CareerOneStop. US Department of Labor and the State of Minnesota, 2013. Web. 18 May 2013.
Explanation:
Right On Edge, also just took the Quiz.
The website citation which is written correctly in MLA style is -
CareerOneStop. US Department of Labor and the State of Minnesota, 2013. Web. 18 May 2013.
What is a citation style?A citation style is a set of rules for citing sources in academic writing. To avoid plagiarism, you must always include a citation anytime you quote, paraphrase, or summarise a source. Different universities, academic groups, and publishers establish different styles, which are frequently published in an official handbook with detailed instructions and examples.
There are numerous citation styles, but they all follow one of three basic principles: parenthetical citations, numbered citations, or note citations.
MLA style is the Modern Language Association's official style, as stated in the MLA Handbook. (9th edition). It is commonly utilised in a variety of humanistic subjects. It's author-page rather than author-date, unlike most parenthetical citation styles.
Therefore, the third option is correct.
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A company using public relations sends information to media outlets such as newspapers and ratio stations. Who decides what Information about the company the outlets will publish?
Answers
Answer:
The media outlets should be correct
Explanation:
A P E X
The number of dependents that people are choosing to have is ?
O decreasing
O increasing
Answers
Current demographic trends show that the number of dependents that people choose to have is Decreasing.
What is the trend in dependants?A general trend that has been noticed in recent years is that people are choosing to have less dependants such as children.
The top reasons for this include more education and increased economic hardship.
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