Case Scenario: Big Time Toymaker Case Scenario: Big Time Toymaker Did the parties have a contract? If there was a contract between Big Time Toymaker (BTT) and Chou it was a bilateral contract that was binding when BTT (offeror) paid Chou (offeree) $25K in exchange for limited negotiation privileges for a 90-day period. Consequently‚ BTT bought the rights to negotiate the distribution agreements for Chou’s board game. A bilateral contract is an agreement of two promises and two performances. The
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1. Duggan Company applies manufacturing overhead to jobs on the basis of machine hours used. Overhead costs are expected to total $276‚100 for the year‚ and machine usage is estimated at 125‚500 hours. For the year‚ $291‚988 of overhead costs are incurred and 130‚200 hours are used. Compute the manufacturing overhead rate for the year. (Round answers to 2 decimal places‚ e.g. 1.25.) Manufacturing overhead rate $ 2.20 per machine hour Answer: Manufacturing Overhead Rate = Estimated Overhead ÷ Estimated
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In the Final Paper‚ you must address the issue of treatment versus punishment. This discussion is designed to help everyone with this debate that shapes juvenile justice in every state. There are many thoughts that cross the spectrum‚ so this is your opportunity to discuss‚ with your peers‚ the benefits and challenges of a variety of juvenile justice‚ in-residence programs. There are four primary goals of confinement in the juvenile justice system: retribution‚ deterrence‚ rehabilitation‚ and
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Text Discussion Questions and Exercises: • Chapter 15: Discussion Question 9. How do variable costs and fixed costs differ? Give an example of each. Fixed costs are costs that will be the same for the next year. In my Construction Business fixed costs are office rent‚ office utilities‚ advertising costs‚ etc. In a year‚ these costs can be known ahead of time and won’t need to change even if my company does more work. Variable costs are costs that can rise or fall depending on how much work I
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6. Durrant Manufacturers‚ Inc. spent $8 million on plant expansion‚ $1.5 million on new capital equipment‚ and $0.5 million on replacement capital in 1980. At the beginning of 1980‚ Durrant had $2.5 million of goods in its inventory; at the beginning of 1981‚ they had $1.5 million in their inventory‚ with sales during the year running $20 million. During 1980‚ their gross investment expenditures were: a. $9.0 million. c. $8.0 million. b. $9.5 million. d. $10 million. 7. Which of the following
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Department of Business Assessment on learning outcome LO1 to LO4 Submitted to Irfan Jahangir Submitted by Tanvir Ahmed ID: 2015121013 First Semester Submission Date March 8‚ 2015. Table of Contents LO 1.1: Compare and contrast different organizational structure and culture: 1 LO 1.2: Explain of the relation between an organization’s structure and culture can impact on the performance of the business: 3 LO 1.3: Discuss the factors which influence individual behavior at work: 5 Demographic
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Week 1 ~ DQ #1 Why might understanding the psychology of personality be a valuable tool? It is important to understand the psychology of personality because ultimately‚ our personalities govern the way people react to us. It also helps us to understand different personality traits which can help us identify specific strengths and weaknesses. Understanding our own strengths and weaknesses and identifying others can enable us to apply managerial styles that can influence a more productive working
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Environmental Psychology PSY/460 Environmental Psychology Environmental psychology was established as an independent discipline in the 1950’s and 1960’s that studied the environmental features as well as human behavior in the physical and sociophysical environment. Research was focused to have a solid understanding of the environmental physical features of the environment and effect toward human behavior. At the beginning of
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book. 2. ___I__ Mary damaged her cerebral cortex and now perceives the world in black‚ white‚ and grey. 3. ___B__ Phyllis wears only various shades of purple. Her clothes are many different types of purple‚ but she only wears ___________ of purple. 4. ___C__ The shade of achromatic color stays the same regardless of how much sunlight is reflected. 5. ___G__ You go to a lecture and the topic seems to focus on blue-yellow and red-green perception of color. The lecture is likely discussing ______________
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