if the price of the product is $110, then who would be willing to purchase the product? a. calvin b. calvin, sam, and andrew c. calvin, sam, andrew, and lori d. calvin and sam
Answers
If the price of the product is $110, it is likely that not everyone would be willing to purchase the product. Generally, individuals who have a higher purchasing power and a greater need or desire for the product will be more willing to purchase it at a higher price.
In this case, if the product is of high quality and satisfies a specific need or desire, individuals with a higher income and greater need or desire for the product, such as Calvin, Sam, Andrew, and Lori, would be more likely to purchase it.
On the other hand, individuals with a lower income or those who do not need or desire the product as much may not be willing to purchase it at such a high price. In this case, Calvin and Sam may be less likely to purchase the product.
It is important to consider various factors such as income, need, and desire when determining who would be willing to purchase a product at a specific price point. Ultimately, the willingness to purchase a product is subjective and can vary depending on individual circumstances.
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Related Questions
what is considered a correction in the stock market
Answers
What is used to identify risks in the market before they become
obvious?
a. market intelligence
b. CI
c. SWOT analysis
d. decision support tools
e. BI
Answers
The answer to the question “What is used to identify risks in the market before they become obvious?” is market intelligence. Market intelligence is the process of collecting, interpreting, and analyzing information about a company's external environment, including customers, competitors, and market trends.
By utilizing market intelligence, companies can identify potential opportunities and risks in the market before they become obvious. Market intelligence is a key tool for companies to stay competitive and make informed business decisions.
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How long does it take after the irs accepts your refund.
Answers
it take 6 to 8 week in order to accept your refund
exporters: these groups could be negatively impacted by a stronger us dollar, as their products will become more expensive in foreign markets, potentially reducing demand.
Answers
Exporters could be negatively impacted by a stronger US dollar as their products become more expensive in foreign markets, potentially reducing demand for their goods.
When the US dollar strengthens, it means that the value of the US dollar increases relative to other currencies. This appreciation can have adverse effects on exporters.
A stronger US dollar makes the prices of exported goods more expensive for foreign buyers. As a result, the demand for these goods may decrease as they become relatively more costly compared to similar products from countries with weaker currencies. This can lead to a decline in export sales and potentially harm the revenues and profit of exporters.
Moreover, a stronger US dollar can also make it challenging for exporters to remain competitive in international markets. As their products become more expensive, foreign customers may seek alternatives from countries where their own currencies have a better exchange rate with the US dollar.
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reasons why marketing is important to a business
Answers
Answer:
5 reasons why marketing is so important
Marketing informs. To attract consumers in a crowded marketplace, your target audience needs to know why they should choose your business over someone else's. ...
Marketing engages. ...
Marketing builds reputations. ...
Marketing sells. ...
Marketing grows businesses.
Explanation:
From Google
It helps you sell products or services.
describe the functions of SARB
Answers
Answer:
The Reserve Bank's responsibilities include formulating and implementing monetary policy, promoting financial stability, issuing banknotes, providing banking services to government, operating the high-value payments system, managing Australia's foreign reserves and setting payments system policy.
The SARB is responsible for regulating cross-border transactions, preventing the abuse of the financial system and supporting the regulation of financial institutions.
▪▪▪Cutest Ghost▪▪▪in the bcg growth-share matrix, the are businesses in rapidly growing markets with large market shares. quizlet
Answers
Businesses classified as "stars" in the BCG growth-share matrix are those operating in rapidly growing markets with large market shares. These businesses have high growth potential and require investment to maintain their success. With proper management, stars can become profitable cash cows in the future.
In the BCG growth-share matrix, businesses in rapidly growing markets with large market shares are categorized as "stars". Stars represent products or services that have high growth potential and high market share.
To understand this concept better, let's break it down step by step:
1. The BCG growth-share matrix is a strategic planning tool used by businesses to analyze their portfolio of products or services.
2. It consists of four quadrants: stars, cash cows, question marks (also known as problem children), and dogs.
3. Stars are located in the top-left quadrant of the matrix and represent businesses in rapidly growing markets with large market shares.
4. These businesses have a high growth rate, which means they are experiencing increasing demand and expanding market opportunities.
5. Additionally, they have a large market share, indicating that they have a significant portion of the market compared to their competitors.
6. Stars require substantial investment to maintain their growth and market share. Companies often allocate resources to support their further development.
7. If managed properly, stars have the potential to become future cash cows, which are products or services that generate significant profits with minimal investment.
In conclusion, businesses classified as "stars" in the BCG growth-share matrix are those operating in rapidly growing markets with large market shares. These businesses have high growth potential and require investment to maintain their success. With proper management, stars can become profitable cash cows in the future.
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The weighted average cost of capital is defined as the weighted average of a firm's: bond coupon rates. cost of equity and its after-tax cost of debt. return on its investments. pretax cost of debt and equity securities.
Answers
If the company's return is less than the WACC, it may indicate that the company is not generating enough value for shareholders to justify the risk taken on by investors.
The Weighted Average Cost of Capital (WACC) is the weighted average of the cost of all capital sources (debt and equity) in the company. The formula for WACC is (E / V * Re) + ((D / V * Rd) * (1 - T)). Where V = E + D and E = Market value of the company's equity, D = Market value of the company's debt, Re = Cost of equity, Rd = Cost of debt, and T = Tax rate.The WACC is calculated by multiplying each component's weight by its proportional cost and adding the results. The calculation of WACC allows the company to determine the required return on investment (ROI) to justify the use of the company's assets.In order to compute the WACC, the following data is required: market value of equity and debt, cost of equity and debt, and the effective tax rate. The weighted average cost of capital has important implications for a company's ability to finance future projects. Companies must generate returns that exceed the WACC in order to be profitable and maintain shareholder value. Thus, if the company's return is less than the WACC, it may indicate that the company is not generating enough value for shareholders to justify the risk taken on by investors.
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A large company issues stock. The company selling the stock often distributes profits by issuing to its shareholders.
Answers
Answer:
Following are the answer to this question:
Explanation:
It is an Act, in which an individual disposes or sells equity shares. Any reasons for selling stocks involve income, reducing losses, or access to money. There is indeed a big corporation of blue-chip stocks. In the stock marketing firm commonly allocates profits towards its stockholders whilst also releasing dividend payments.A major, well known, and financially sound company, which is in business for many years is a blue-chip stock.Answer:
The answers are - blue chips and dividends.
Explanation:
Managing CSR involves not only "talking the talk", but
also "walking the walk" and being accountable to
stakeholders. Discuss this idea in relation to a
real situation e.g., the Volkswagen emissions s
Answers
The idea of managing corporate social responsibility (CSR) requires more than just making claims; it entails taking concrete actions and being responsible to stakeholders. This concept can be illustrated by examining the case of the Volkswagen emissions scandal.
The Volkswagen emissions scandal, which emerged in 2015, serves as a prime example of the importance of "walking the walk" in managing CSR. Volkswagen, a renowned automobile manufacturer, was found to have installed software in their diesel vehicles that manipulated emissions tests to meet regulatory standards. This deception undermined the company's claims of being environmentally conscious and committed to reducing pollution. The scandal not only damaged Volkswagen's reputation but also eroded trust among stakeholders, including customers, investors, and regulators.
To truly manage CSR effectively, companies must align their actions with their stated values and commitments. It is not enough to merely communicate positive intentions or engage in public relations efforts. In the case of Volkswagen, the company failed to uphold its environmental commitments, leading to significant consequences. Accountability to stakeholders is crucial in building and maintaining trust, as stakeholders expect companies to deliver on their promises and act in a socially responsible manner. By "walking the walk," companies can demonstrate authenticity and integrity, fostering stronger relationships with stakeholders and contributing to long-term sustainability.
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Define business cycle
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Answer:
business cycle; plural noun: business cycles
a cycle or series of cycles of economic expansion and contraction.
Business cycle is a cycle of economic activity that differs between two major phases: expansion and contraction. An economy is majorly affected by any change in these two factors.
Business cycles are periods of economic activity that alternate between expansion and contraction. Both the general welfare of society and the welfare of private entities are affected by these developments. Typically, changes in a broad economic index, such as Real Gross Domestic Product, are examined to determine how business cycles have changed over time.
Typical business cycle changes include broad upswings and downswings in a variety of macroeconomic indicators. Individual expansion/recession periods have varying lengths and intensities over time. The typical range of their periodicity is between 2 and 10 years this technical phrase is often called "stochastic cycle"
Business cycle fluctuations can be caused by a variety of factors, including abrupt and substantial changes in the price of oil or shifts in consumer attitude that have an impact on overall consumption in the economy at large and, consequently, on investments and firm profitability. As was the case during the 2007–2008 financial crises or the COVID-19 epidemic, these sources are typically unanticipated in advance and can be thought of as random "shocks" to the cyclical pattern. By studying the subject from a variety of angles in previous decades, economists and statisticians have learned a great deal about changes in the business cycle.
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boise llc has a break-even point of 2,000 units, variable costs are $55,000, and fixed costs are $35,000. how much is their selling price per unit?
Answers
Boise LLC has a break-even point of 2,000 units, variable costs are $55,000, and fixed costs are $35,000. Their selling price per unit is $45
Price is the amount one party pays or receives in exchange for the other party's goods or services. Crafting costs may have a different name under certain circumstances. If the product is a marketed commodity, its price is likely to be regulated as such.
However, if the product is a service, different titles can be used for it. The average price at which a particular product or good is sold across all channels or markets is called the average selling price (ASP) of the product or commodity. Particularly in the retail and distribution industry of technology goods, this term is used.
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What is the preferred distance when speaking in a professional group setting
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The preferred distance when speaking in a professional group setting can vary depending on cultural norms and personal preferences. However, a general guideline is to maintain a distance of approximately 3 to 4 feet (about 1 to 1.2 meters) between individuals in order to strike a balance between being close enough to engage in conversation and maintaining a respectful personal space.
In a professional group setting, it is important to consider personal space boundaries and cultural norms to ensure effective communication and avoid making others feel uncomfortable. While there is no universally defined preferred distance, maintaining a distance of approximately 3 to 4 feet (about 1 to 1.2 meters) is commonly accepted. This distance allows for a comfortable conversation without invading personal space.
However, it is essential to be aware of cultural differences, as preferred distances may vary among different cultures. Some cultures may prefer a closer distance, while others may prefer a greater distance. It is always best to observe and adjust accordingly to the norms of the specific professional group setting and the individuals involved.
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Part I
The Scenario:
When the day begins, Mary has $70 in her checking account, and she has overdraft protection
Before work she buys her cousin a round trip bus fare for $10 using her debit card
She then uses the card to get gas in her car for $60
Then she buys groceries with a check of $70.
Then she uses her debit card to buy a $2 coffee
Then she goes to buy a donut for $1 using her card
Finally, she finishes out the day with some shopping to buy new makeup for $30 using her debit card at the store
Compare ABC bank and XYZ bank when
ABC charges $37 overdraft transactions up to 3 a day, no reorder of transactions
XYZ charges $33 overdraft transactions up to 6 a day and reordering transactions from higher to low
Find Balance at the end of the day with each bank
Mary’s balance with ABC bank is ______________
Mary’s balance with XYZ bank is ______-__________
Which bank do you recommend for Mary?________________
Which bank would you choose and why?__________________
Need answers ASAP please it would be greatly appriciated
Answers
Answer:
do u still need
Explanation:
1. Economics is all about
a. making money.
b. making decisions.
c. government controlling resources.
d. None of the above.
Answers
What is required in order to make a good career decision
Answers
Answer:
You need to follow curtain decision making chart that requires you to ask and answer questions about the decisions made in picking and making a good career! Best of luck !
A company that produces and sells laptops has a weekly profit described by the function P(x) where x is the number of laptops produced and P(x) is given in hundreds of dollars. They determined their marginal profit for producing and selling 50 laptops was 3
Interpret this number in the context of the problem.
When the company produces and sells the______laptop it will____ $___in____
Answers
The company should produce and sell 416 laptops weekly to maximize its weekly profit.
The given computing company's weekly profit function isP(x) = -0.007x³ – 0.1x² + 500x – 700. The number of laptops produced and sold weekly is x units. To maximize the weekly profit of the company, we need to find the value of x at which the profit function P(x) attains its maximum value.
Now, differentiate the given function, we get:P′(x) = (-0.007) * 3x² – 0.1 * 2x + 500= -0.021x² – 0.2x + 500To find the value of x, we set P′(x) = 0 and solve for x.
So,-0.021x² – 0.2x + 500 = 0
Multiplying both sides by -1, we get0.021x² + 0.2x - 500 = 0.
To solve this quadratic equation, we can use the quadratic formula: x = (-b ± √(b² - 4ac)) / 2a where a = 0.021, b = 0.2, and c = -500
Substituting the values of a, b, and c in the above formula, we get: x = (-0.2 ± √(0.2² - 4 * 0.021 * (-500))) / 2 * 0.021≈ 416.1 or -2385.7
Since the number of laptops produced and sold cannot be negative, we take the positive root x = 416.1 (approx.) as the required value.
Therefore, the company should produce and sell 416 laptops weekly to maximize its weekly profit.
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ABC which produces plastic pails has estimated its production function to be as follows:
Q = 20K0.7 L 0.5
Where,
Q = rate of output
K = capital input
L = labour input
It currently pays $200 for each unit of capital and $20 for each unit of labour. ABC currently employs 5 units of capital and 100 units of labour.
a) Determine the current output level.
b) What should be the optimal combination of capital and labour to produce the present level of output?
c) Determine whether the production function exhibit constant, increasing or decreasing returns to scale.
d) Determine the % increase in output if both labour and capital are each increased by 15%.
Answers
a) The current output level is Q = 20 * (5^0.7) * (100^0.5).
b) The optimal combination of capital and labour to produce the present level of output would need to be determined by minimizing the cost function, considering the production function constraint.
c) The production function exhibits increasing returns to scale since the sum of the exponents of capital and labour is greater than 1.
d) The percentage increase in output if both labour and capital are each increased by 15% can be calculated by substituting the increased values into the production function and using the percentage increase formula.
a) To determine the current output level, substitute the given values into the production function:
Q = 20 * (5^0.7) * (100^0.5)
Using a calculator, calculate 5^0.7 and 100^0.5, and then multiply the results with 20 to obtain the current output level.
b) To find the optimal combination of capital and labour to produce the present level of output, we need to set up the cost-minimization problem. Given that capital costs $200 per unit and labour costs $20 per unit, the objective is to minimize the cost while producing the desired output level.
Let's denote K as the quantity of capital and L as the quantity of labour. The cost function (C) can be expressed as:
C = 200K + 20L
We need to find the values of K and L that minimize C while satisfying the
production function constraint:
Q = 20K^0.7 * L^0.5
This can be solved using optimization techniques such as Lagrange multipliers or by substituting the value of K from the production function into the cost function and finding the value of L that minimizes it.
c) To determine whether the production function exhibits constant, increasing, or decreasing returns to scale, we need to examine the exponents of K and L. In this case, the exponents are 0.7 and 0.5, respectively.
If the sum of the exponents is equal to 1 (0.7 + 0.5 = 1), the production function exhibits constant returns to scale. If the sum is greater than 1, it exhibits increasing returns to scale. If the sum is less than 1, it exhibits decreasing returns to scale.
d) To determine the percentage increase in output if both labour and capital are each increased by 15%, we need to calculate the new output level with the increased inputs and compare it to the current output level.
Let's denote the increased values of labour and capital as L' and K', respectively. The new output level (Q') can be calculated using:
Q' = 20 * (K' ^ 0.7) * (L' ^ 0.5)
Calculate Q' using the increased values of labour and capital, and then calculate the percentage increase in output using the formula:
Percentage increase = ((Q' - Q) / Q) * 100
Substitute the values into the formula to obtain the percentage increase in output.
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Which error type would you now be most concerned with? Why?
Answers
In sewing, the most concerning error type would depend on the specific sewing project and the intended use of the final product.
What are common error types?Generally, however, some common error types that could cause the most concern include incorrect measurements, inaccurate cutting, improper seam allowance, thread tension issues, and sewing machine malfunctions. Each of these errors can affect the quality and durability of the final product, and may even render it unwearable or unusable.
Therefore, it is important to pay attention to all aspects of the sewing process to minimize the occurrence of errors and ensure the best possible outcome.
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Case Studies Southwestern University: (B)* Southwestern University (SWU), a large state college in SWU's president, Dr. Joel Wisse, decided it was time for his Stephenville, Texas, encolis close to 20,000 students. The school isa vice president of development to forecast when the existing stadium dominant force in the small city, with more stadents during fall and would max out." The expansion was, in his mind, a given But spring than perset residents Winner meded to know how long he could wait. He also sought a Always a football powerhouse, SWU is usually in the top 20 in revenue projection, assuming an average ticket price of $50 in 2010 college football rankings. Since the legendary Bo Pinterno was hired and a 5% increase cach year in future price as its head coach in 2003 in hopes of reading the elusive number 1 ranking), attendance at the five Saturday home games cache Discussion Questions increased. Prior to Pinterno's arrival altendance gerally averaged 1. Develop a forecasting model, justifying its selection over other 25,000 to 29.000 per game. Season ticket sales bumped up by techniques, and project attendance through 2011. 10.000 just with the announcement of the new coach's anival 2 What revenues to be capeted in 2010 and 2011 Stepheville and SWU were ready to move to the big time! 3. Discuss the school's options The immediate issue facing SWU, however, was not NCAA ranking. It was capacity. The existing SWU stadium, built in 1953. has eating for 54,000 fans. The following table indicates attes. This integrated case study at the host the text Ohores facing dance at each game for the past 6 years. Southwestan's footballadium include(A) megte din project One of Pitserno's demands upon joining SWU had been asta- dium expansion, or possibly even a new stadium. With attendance food wie Sauplement website loading the new dim (Chapter ) quality of facilities (Chapter 6 ) braket analysis of increasing, swu administrators began to face the issue head-on. (Char3 weet) imetypring of football programe (Chapter Petersohad wanted dormitories solely for his whletes in the state website, and () iting of campus city office for a dium as me additional feature of any expansion days (Chapter 13) Chapter 4 Forecasting Demand 170 4 Southwestern University Football Game Attendance, 2004-2009 2004 2005 Game Attendees Opponent Attendees Opponent 34.200 Baylor 36.100 Oklahoma 39.800 Tees 40,200 Nebraska 38,200 LSU 39.100 UCLA 26.900 Arkansas 25,300 Nevada 35,100 USC 36.200 Ohio State 2006 Attendees Opponent 35.900 TCU 46.500 Texas Tech 13,100 Alaska 27900 Arizona 39.200 Rice 2009 2007 2008 Game Attendees Opponent Attendees Opponent Attendees 41.900 Arkanas 42.500 Indiana 46.900 46,100 Missouri 48.200 North Texas 50,100 43.900 Florida 44,200 Texas A&M 45.900 30,100 Miami 33.900 Southam 36,300 40.500 Duke 47,800 Oklahoma 49.900 His hade thee wekeah, Sharly popular thief to the expectaty e vende and had tot timpul inainen Opponent LSU Texas Prairie View A&M Montana Arizona Sul
Answers
The case study provided describes the situation faced by Southwestern University (SWU) in relation to the capacity of its football stadium and the need for expansion.
1. Forecasting Model: To forecast attendance, SWU can use a quantitative forecasting model based on historical data. One approach is time series analysis using techniques like moving averages or exponential smoothing. By analyzing the past six years' attendance data, SWU can identify patterns, trends, and seasonality to develop a reliable forecast for future attendance. Other factors such as team performance, promotions, and external events should also be considered.
2. Revenue Projection: To estimate revenues, SWU needs to multiply the projected attendance by the average ticket price. Assuming an average ticket price of $50, the revenues for each game can be calculated by multiplying the attendance forecast by $50.
3. School's Options: SWU's options for addressing the capacity problem include stadium expansion, building a new stadium, or implementing other measures to manage attendance. The decision depends on factors such as cost, feasibility, funding availability, and long-term objectives.
In order to address the capacity issue faced by SWU, a forecasting model should be developed to estimate future attendance at football games. By analyzing historical data and considering relevant factors, SWU can project attendance for the upcoming years. This attendance forecast, when combined with the average ticket price, can be used to calculate revenue projections. Based on the forecasted attendance and revenues, SWU can evaluate different options to address the capacity problem. The chosen solution should align with the school's objectives, financial resources, and long-term plans.
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Give a proper definition of money.
Answers
Answer:
Money is an economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy. Money provides the service of reducing transaction costs, namely the double coincidence of wants. Money originates in the form of a commodity, having a physical property to be adopted by market participants as a medium of exchange. Money can be: market-determined, officially issued legal tender or fiat money, money substitutes, and fiduciary media, and electronic cryptocurrencies.
Explanation:
The value of the marginal product is equal to the marginal revenue product under perfect competition in the product market because:
Answers
The value of the marginal product is equal to the marginal revenue product under perfect competition in the product market because: the firm in perfect competition is a price taker.
What is the perfect competition?Perfect competition is the term that is used to refer to the type of competition that exists where there is perfect information in the market. In this market structure the monopoly does not exist.
There is free entry and there are no forms of barriers. Everyone has opportunity and the prices are not in the hands of the people that are selling or those that are buying. Hence we would have marginal product is equal to the marginal revenue product
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A loan of $990 was repaid at the end of 6 months with a check for $1,010. What annual rate of interest was charged? The annual rate of interest was charged at %. (Round to two decimal places as needed
Answers
The annual rate of interest charged is approximately 4.04%.
To calculate the annual rate of interest charged, we can use the simple interest formula:
Interest = Principal x Rate x Time
Given that the loan amount (Principal) is $990, the repayment amount is $1,010, and the time is 6 months, we can calculate the interest as follows:
Interest = $1,010 - $990 = $20
Now, let's calculate the annual rate of interest using the formula:
Rate = (Interest / Principal) x (1 / Time) x 100
Rate = ($20 / $990) x (1 / (6/12)) x 100
Rate ≈ 4.04%
Therefore, the annual rate of interest charged is approximately 4.04%.
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Write two paragraphs about what life would be like without your favorite electronic.
Answers
Answer:hhhhhh
Explanation:
Uhhh
Describe the population distribution in Guyana
Answers
More than 70 percent of Guyana's coastal population is rural, living on plantations or in villages strung along the coastal road. The villages range in size from several hundred to several thousand inhabitants. The layout of the villages is dictated by the drainage and irrigation systems of the plantations, both active and abandoned. The villages are most heavily concentrated along the estuary of the Demerara River and the eastern environs of Georgetown, near the mouth of the Berbice River close to New Amsterdam, and along the extreme east coast near the Courantyne River.
The pattern of population distribution in Guyana is a product of nineteenth-century economic development, which was based on the cultivation of sugarcane. Because the swampy coast was fertile and sugar production was geared to export, the large sugar estates confined their operations to a narrow coastal strip. Most of the villages had ethnically diverse populations, but usually one ethnic group predominated. The urban population was predominantly African, but it would be misleading to suggest that all Afro-Guyanese were urban. Indeed, the majority of the Afro-Guyanese population was rural. A far greater majority of Indo-Guyanese, however, lived outside the cities. The interior of the country was left mainly to the Amerindians. Even the later exploitation of timber, bauxite, and manganese in the interior failed to effect any sizeable migration.
What kinda of block can result from poor language skills
Answers
Answer:
Lack of communication can cause minunderstanding and confusion with both parties
Explanation:
Both individuals and organizations can be consumers.
O True
O False
Answers
Answer:
True
Explanation:
What is the price of a money market security with the bond equivalent yield of 4. 59%, 136 days to maturity, and a $1000 face value? Round to $0. 1
Answers
The price of the money market security with a bond equivalent yield of 4.59%, 136 days to maturity, and a $1000 face value is approximately $989.50.
To calculate the price of a money market security, we can use the formula:
Price = Face Value / (1 + (Yield * Maturity / 365))
where Yield is the bond equivalent yield and Maturity is the number of days to maturity.
Plugging in the values, we have:
Price = $1000 / (1 + (0.0459 * 136 / 365))
≈ $1000 / (1 + 0.01711)
≈ $1000 / 1.01711
≈ $989.50 (rounded to $0.1)
Therefore, the price of the money market security is approximately $989.50.
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What is one of the fundamental differences between the malcom baldridge award and iso9000 certification? group of answer choices one applies to manufacturing and the other applies to only purchasing. One is fairly simple to achieve and the other is extremely difficult. There is essentially no difference between the two. One applies to u. S. Firms, while the other applies to companies anywhere in the world. One originated in canada and the other in europe.
Answers
The fundamental differences between the malcolm baldrige award and iso 9000 certification is that One applies to U S. Firms, while the other applies to companies anywhere in the world.
Option D is correct.
What ISO 9000 instrument means?ISO 9000 is defined as a set of transnational norms on quality operation and quality assurance developed to help companies effectively validate the quality system rudiments demanded to maintain an effective quality system. They aren't specific to any one assiduity and can be applied to associations of any size.
What's the Malcolm Baldrige quality award and what's it used for?The Malcolm Baldrige National Quality Award was established by Congress to promote advanced quality of goods and services inU.S. companies and associations. The thing of the Malcolm Baldrige National Quality Improvement Act of 1987( Public Law 100- 107) was to enhance the competitiveness of U.S. businesses.
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if you have a dental emergency and your dentist pulls your severely infected tooth without prior negotiation about payment, or even any mention of payment, you have a(n) contract for the payment of his services.
Answers
You have an implied contract for the payment of his services if you have a dental emergency and your dentist extracts your very infected tooth without first discussing payment or even mentioning it.
What is an implied contract?An implied contract is a legally-binding duty that arises from the actions, conduct, or circumstances of one or more parties to an agreement. It has the same legal impact as a voluntary agreement established by two or more parties and communicated verbally or in writing, which is known as an explicit contract. The implicit contract, on the other hand, is assumed to exist and doesn't need to be confirmed orally or in writing.
According to the ideas underpinning an implied contract, no one should receive unjust gains at the expense of another, and fair play can be achieved without a written or verbal agreement.
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