purchasing manager‚ controls the budget and where the money goes‚ therefore she is the controller. 1.2. Sue Wilson Sue’s primary needs are to find out what equipment is required from each individual for the machine‚ to find 3 bids for the product and to make the purchase. Her task is also to make sure everything runs efficiently. Sue will be the most influential on the final decision. Tom Roberts Tom’s primary needs are to make sure that Vicki and Greg work effectively and
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Introduction: Rules of Offer and Acceptance are applied to enforce an agreement by the law. This agreement is the first requisite of any contract of the business. In order to a contract come into being between parties‚ the offer is made by the offeror and the oferee accept that offer. In 21st century‚ there are rapid changes in business trend which create lots of new business model such as e-business and global business. The more business participates‚ the more requirements of Offer and Acceptance
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licenses and then open up the licenses to all that is interested. After a due diligence‚ going thru technical and financial bids‚ six players were invited to bid for three of the four spectrums put up for sale (the fourth was reserved for Nitel‚ the government owned company). After a very competitive‚ free and fair bidding process‚ MTN Nigeria Limited emerged as one of the winning bids‚ paying $285m for the license. As part of the terms to retaining the license‚ each operator of the DML license was
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In the case of Keller v. Inland Metals All Weather Conditioning‚ Inc. Inland Metals did have an express warranty with the humidifier it sold to Keller. According to NOLO (2015) “an express warranty is a verbal or written statement that guarantees that a product is of a certain quality or will work in a certain way or for a certain amount of time.” In the case of Keller v. Inland Metal‚ Inland Metals provided both verbal and written statements about the quality of the humidifier they sold the
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least 3 days prior to the bid opening date‚ as per Clause No. 11.3.1(vii)(a) of SEBI (DIP) Guidelines‚ 2000. Recommendation The company may be allowed to disclose the floor price‚ just prior to the bid opening date‚ instead of in the Red herring Prospectus. This may be done by any means like a public advertisement in newspapers etc. Rationale As per provisions of section 60B (2) of Companies Act‚ 1956 Red Herring prospectus is to be filed with ROC at least 3 days prior to the bid opening date. That means
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Chapter 1 Introduction to Capital Market 1. Capital Market Capital markets are financial markets for the buying and selling of long-term debt- or equity-backed securities over one year is traded. Security includes- shares‚ debentures‚ bonds etc. A key division within the capital markets is between the primary markets and secondary markets. In primary markets‚ new stock or bond issues are sold to investors‚ often via a mechanism known as underwriting. The main entities seeking to raise
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Cargo cult science is a term used by Richard Feynman to describe a method or idea that imitates the scientific process but is not done for a scientific purpose. In “The Uncertainty of Science” he goes on to clarify that legitimate science accounts for the uncertainties found in science: it is the search for answers‚ faults in methods‚ and data to support theories. However‚ in “Cargo Cult Science” Feynman explains how sometimes “science” is used for personal gain‚ instead of for the benefit of society
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1.0 Shareholder Value and the Law Under the management of Mannesmann AG‚ Mannesmann was a highly diversified group of companies operating successfully around the globe. It had 130‚860 employees* generating sales of some 23‚265 million euros* in its Engineering‚ Automotive‚ Telecommunications and Tubes sectors. The enterprise had existed for 110 years. Mannesmann’s Engineering and Automotive sectors comprised five world market leaders with their subsidiaries and affiliated companies. Their 89‚832
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Managerial Decision Modeling w/ Spreadsheets‚ 3e (Balakrishnan/Render/Stair) Chapter 8 Decision Analysis 8.1 Chapter Questions 1) Determining the best payoff for each alternative and choosing the alternative with the "best of the best" is the approach called: A) maximax B) maximin C) Laplace D) minimax regret E) expected monetary value Answer: A Page Ref: 323 Topic: Decision Making Under Uncertainty Difficulty: Moderate 2) Determining the worst payoff for each alternative and choosing
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Chapter -2 E-Marketplaces: Mechanisms‚ Tools‚ and Impacts of E-commerce Learning Objectives Describe the major electronic commerce (EC) activities and processes and the mechanisms that support them. Define e-marketplaces and list their components. List the major types of e-marketplaces and describe their features. Describe electronic catalogs‚ search engines‚ and shopping carts. Describe the major types of auctions and list their characteristics. Learning Objectives Discuss
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