Formation of Contracts Introduction An offer is the first step in the formation of a contract. It is something that creates a power of acceptance. It is a proposal made by one party to another to enter into a legally binding agreement with her. In Acme Grain Co. v. Wenaus‚ 1917‚ it was observed: ... To constitute a contract‚ there must be an offer by one person to another and an acceptance of that offer by the person to whom it is made. A mere statement of a person’s intention‚ or a declaration
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Business Ethics Case Study #1 Starbucks Starbucks is a business that has been around since 1971 serving a various amount of coffee for people all around the United States. This business started in the city of Seattle with getting port of coffee from around the world. Today they are international business getting in approximately $11 billion dollars a year. With this being said Starbucks is a very high pace‚ high traffic environment with all the stores giving a home feel to them so when you order
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Ethics Big Case 2 Microsoft Manages Legal and Ethical Issues Summary: Microsoft has a blinding reputation and presentation with the public and its users. They investment in the communities‚ the youth and globally. Not only the company invests but the employees contribute. As Always Bill Gates take it to the top with the William and Melinda Gates Foundation. Microsoft’s efforts and dedication is admirable. Its support of start-up software companies‚ creates a unique composition of company characteristics
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1. Calculating Returns ( LO1‚ CFA1) Suppose you bought 100 shares of stock at an initial price of $ 37 per share. The stock paid a dividend of $ 0.28 per share during the following year‚ and the share price at the end of the year was $ 41. Compute your total dollar return on this investment. Does your answer change if you keep the stock instead of selling it? Why or why not? 2. Calculating Yields ( LO1‚ CFA1) In the previous problem‚ what is the capital gains yield? The dividend yield? What is
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Content of assignment Individual assignment 2: (hand in week 4) Phase 1‚2‚3 of the ethical cycle: Moral problem statement Problem analysis Options for action Phase 4 of the ethical cycle: Intuition Utilitarianism Bentham Mill 2.2 Case: “Fire Detectors” Residential fires cause many deaths each year. Several companies manufacture fire detectors in a highly competitive market. Jim is a senior manager at one of these companies. He has been invited to discuss with the management team
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Risk and return are most important concepts in finance. Risk and return concepts are basic to the understanding of the valuation of assets or securities. Return expresses the amount which an investor actually earned on an investment during a certain period. Return includes the interest‚ dividend and capital gains: while risk represents the uncertainty associated with a particular task. In financial terms‚ risk is the chance or probability that a certain investment may or may not deliver the actual/expected
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a commodity. Tax constitute the major source of the government’s income Meaning of Tax The tax is compulsory payment to the Government by taxpayer without any expectation of some specified return. While paying tax‚ the tax-payer is not entitled to force the government to give something in return of the sum he has paid as tax. Characteristics of a Tax A compulsory payment: - Tax is not an optional payment by a citizen but a payment having legal enforcement behind it. Tax is levied by the
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Running head: Enron and Ethics Enron: An Ethics Case StudyEnron: An Introduction The previous decades have seen the birth and meteoric rise of several corporate giants such as Microsoft and Apple‚ both of which have all but become household names in this day and age. Neither achieved their level of success overnight‚ especially not since they have long been known to be in direct competition with each other. On the contrary‚ both of them have had their share of scandals and controversies
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MANAGEMENT Financial Management Value Added Tax; Goods and Service Tax ABDOLMABOOD FOOLADIVANDA | MH101017 | Prepared for Prof. Dr. Melati bt Ahmad Anuar April‚ 2011 1. Introduction VAT is a system in which the tax is collected on the value added to the goods at each stage of sales. The dealer selling the goods collects tax on the full price at which he sells the goods. At the end of a tax period he reduces from the tax so collected by him‚ the tax which has been charged to by the dealers
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The Case Setting: New York. The story is about a supermarket chain with 12 stores all throughout NY‚ from the chic Manhattan to the cluttered Downtown. But as goes one of the clauses of the Darwinian Theory‚ the more deprived you are‚ more the competition‚ more the crime. So‚ understandably‚ the low income areas face a lot of vandalism‚ pilferage etc. causing a lot of overhead costs for the company. The company has a same-price policy which cannot be breached. So what does the distribution manager
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