parties who signed the original contract can have rights with respect to that contract. ANS: F MSC: AACSB Analytic 7. A reward offered to the public for the return of lost property is not considered an offer. ANS: F MSC: AACSB Analytic 8. An offer may be made only to a specific person. ANS: F MSC: AACSB Analytic 9. An offerer makes an offer to an offeree. ANS: T MSC: AACSB Analytic 10. Negotiable instruments are examples of formal contracts. ANS: T MSC: AACSB Analytic
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MANAGERIAL ECONOMICS MEANING OF MANAGERIAL ECONOMICS Managerial economics‚ used synonymously with business economics‚ is a branch of economics that deals with the application of microeconomic analysis to decision-making techniques of businesses and management units. It acts as the via media between economic theory and pragmatic economics. Managerial economics bridges the gap between ’theoria’ and ’pracis’. The tenets of managerial economics have been derived from quantitative techniques such as regression
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different popular exercise programs currently on the market; the relatively mild “21 Day Fix‚” the longer‚ more intense “Insanity‚” and the lengthy‚ notoriously grueling P90x. Each of these programs is unique‚ and there are key differences between them that influence the adherence of those who follow the program. 21 Day Fix The 21 Day Fix is one of the shortest exercise programs on the market.
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The Deft Touch of Catch 22: Heller’s Harmonious Unison of Comedy and Tragedy Since the dawn of literature and drama‚ comedy and tragedy have always been partitioned into separate genres. Certainly most tragedies had comedic moments‚ and even the zaniest comedies were at times serious. However‚ even the development of said tragicomedies left the division more or less intact. Integrating a total comedy and a total tragedy into a holistic union that not only preserved both features‚ but also
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Managerial control is a systematic effort to set performance standard along with planning targets. There are various techniques of managerial control. All techniques can be classified broadly into two categories. Such as :- A. Budgetary control techniques B. Non-budgetary control techniques Budgetary Control Techniques The word ‘budget’ is derived from a French word “Bougettee”. The meaning of this word is a leather pouch in which funds are appropriated for meeting anticipated expenses
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DIFFICULTY: 1 SECTION: 14.1 7. What is the future value of $450 at an interest rate of 11 percent one year from today? a. $495.00 b. $495.40 c. $494.50 d. $499.50 ANSWER: d. $499.50 TYPE: M DIFFICULTY: 1 SECTION: 14.1 8. Two
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Stages of Recruitment Technique Resume’s/CV Review Initial Screening Interview Analyze the Application Conducting Tests and Evaluating performance Preliminary Interview Core and Departmental Interviews Reference checks Job Offer Some of the key stages are described in detail below Selection Techniques It refers to different tests/exercises taken in order to select the right candidate from the bunch of candidates. 1. Psychometric Tests A standardized sample of behavior which
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Catch-22 Analysis The novel Catch-22‚ by Joseph Heller‚ is a war novel littered with satire with an extra layer of absurdity to pull it all together. The point of view changes several times throughout the book‚ but mostly the fictional island of Pianosa is seen through the eyes the bombardier pilot John Yossarian. Though‚ it changes several times‚ in Chapter 9 it’s in the perspective of Major Major Major Major and in Chapter 11‚ the books allows the reader to see Captain Black’s conniving perspective
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Chapter 8 29. The travel-to-work time for residents of the 15 largest cities in the United States is reported in the 2003 Information Please Almanac. Suppose that a preliminary simple random sample of residents of San Francisco is used to develop a planning value of 6.25 minutes for the population standard deviation. If we want to estimate the population mean travel-to-work time for San Francisco residents with a margin of error of 2 minutes‚ what sample size should be used? Assume 95% confidence
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Chapter 8 Student: ___________________________________________________________________________ 1. The initial response by politicians to the actual and impending changes in the competitive environment of the European energy industry was A. encouragment B. opposition C. to speed integration D. to defeat the EU E. concern over more competition 2. An agreement between countries in a geographic region to reduce tariff and non-tariff barriers to the free flow of goods‚ services‚ and factors of production
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