Chapter 9 Answers: 1. Consideration consists of mutual exchange of gains and losses between contracting parties. In the exchange‚ a gain by the offer is at the same time a loss to the offeror. The legal term used to designate the gain that each party experiences is that party ’s legal benefit. Consideration has three characteristics 1) The agreement must involve a bargained-for exchange; 2)the contract must involve adequate consideration; and 3) the benefits and detriments promised must themselves
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Executive Summary The Canadian National Bank is a case involving employee grievances and ethical issues. On February 26‚ 1997‚ Lesley Mahon was shocked and upset about the serious allegation complained formally by her subordinate—Pam Stewart to the "National Committee for Employee Concerns"(NCEC). She was wondering if there was any action to take to solve the problem. This situation was a breakout of their conflicts in a long period. The main two causes of the issues were Lesley’s leadership and
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executed value-based pricing‚ cost-based pricing‚ or competition- based pricing? Burt’s Bee’s has executed the value-based pricing the most with Burt’s highest selling product‚ the lip balm. Their product goes for $2.99 a tube‚ where the leading market chap stick can go for about a third of the price. With that being stated Burt’s entire product line goes for a higher price than the standard market. They are trying to create a value to their product with a higher price. 3. How has Burt’s Bee’s implemented
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of Contents Abstract…………………………………………………………………………………………....3 Performance Control at Happy Chips Incorporated……………..…………………………….4 – 7 Happy Chips Segment Profitability Analysis……………………………………………………..8 Happy Chips Income Statement and Annual Logistics Cost by Segment….……………………..9 References………………………………………………………………………………………..10 . Abstract The director of logistics at Happy Chips Incorporated had recently circulated a letter that came from the only mass
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1. Is Eye Vision’s arrangement with Holland Hospital within the scope of ASC 985-605‚ Software: Revenue Recognition? In this case‚ the main content of the Eye Vision’s arrangement with Holland Hospital include embedded software medical equipment and an initial option to purchase a two-year separately priced maintenance agreement. In this case‚ because“Eye Vision has never sold‚ nor does it offer to sell‚ the Clear View Laser without the embedded software because the software is necessary to perform
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Contract Law Cases The Offer Meeting of minds: Clarke v Earl of Dunraven and Mount Earl: Yacht races. Letters sent in Communication (in writing‚ speech and conduct): Carlil v Carbolic Smoke Ball Co: pay back 100 if you get influenza. Deposit 1000 The Acceptance: Strictly in response to
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Individual Business Ethics Case Analysis [Women and Health Insurance] [Casanav Simmons] MBA 740: Legal & Ethical Issues in Business Professor: Dr. Joseph A. Petrick 1. Who are the stakeholders involved and how severely are they impacted? Who is harmed and by how much? a. Market Stakeholders: (1) Women: They are forced to pay higher premiums‚ then men (high impact); (2) Men: will be negatively affected by the rate because it would be subsidized if the women’s
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JAMES COOK UNIVERSITY FACULTY OF LAW‚ BUSINESS & THE CREATIVE ARTS ------------------------------------------------- SCHOOL OF LAW Business Law – BU1112 Brisbane Campus SUBJECT OUTLINE Study Period 1‚ 2013 Important Dates for this Subject: Study Period: 1(amend) Start Date: 25/03/13 End Date: 28/06/13 Census Date: 18/04/13 Withdraw without Academic Penalty by: 10/05/13 BU1112 – Business law BU1112 Business Law is a core subject in the BBus course
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Case Study 2: Financial Analysis and Forecasting 1. Strengths: - Profitability Ratios: Constant growth from 2002-05‚ particularly year 2004 and 2005 with impressive growth in revenue with12.5% and 15.5% respectively‚ much higher than the benchmark just -1.8%. Gross‚ operating and net profit margin were all performing better than the benchmarks. - Management: Co-owner Bob Brown has been brought up to value a strong work ethic‚ which he has obtained through his father since at
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To what extent do you think the U.S.-Canadian magazine dispute was motivated by genuine desires to protect Canadian culture? It is hard to determinate the real cause if the government of Canada genuinely had the best intentions of protecting the Canadian culture or not. It appears that they saw an opportunity to generate additional revenues by imposing a protective tariff on foreign-published magazines. On the other hand‚ the report mentioned that many observers believed that these measures were
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