Consider a single manufacturer and a single supplier. Six months before demand is realized, the manufacturer has to sign a supply contract with the supplier. The sequence of events is as follows. Procurement contracts are signed in February and demand is realized during a short period of 10 weeks that starts in August.
Components are delivered from the supplier to the manufacturer at the beginning of August and the manufacturer produces items to customer orders. Thus, we can ignore any inventory holding cost. We will assume that unsold items at the end of the 10-week selling period have zero value. The objective is to identify a procurement strategy so as to maximize expected profit.
Specifically, consider a manufacturer that needs to find supply sources for electricity. The manufacturer produces and sells products to end customers at a unit price, $20, and we assume that the only contributor to the production cost is the cost of electricity. To simplify the example, we assume that a unit of electricity is required to produce a unit of finished good. The manufacturer thus has information on the distribution of the demand for electricity. More precisely, she knows that demand for electricity follows the probabilistic forecast described in the following Table.
Demand Probability
800 11%
1000 11%
1200 28%
1400 22%
1600 18%
1800 10%
Two power companies are available for supply:
Company 1 offers a fixed commitment contract with the following conditions: power is bought in advance at a price $10 per unit.
Company 2 offers an option contract with reservation price of $6 per unit paid in advance and then $6 per unit paid for each unit delivered.
What is the procurement strategy that should be used by the manufacturer? Try different reservation quantities and calculate the expected profits and compare with the first contract. Then you can discuss when would be good to use the option contract. Did you find that the option contract would be better in some scenarios but worse in other scenarios (in terms of reservation quantity)?
Answers
The procurement strategy that should be used by the manufacturer is to opt for the option contract (Company 2) rather than the fixed commitment contract (Company 1). The option contract provides greater adaptability to varying demand conditions and maximizes the expected profit for the manufacturer.
To determine the optimal procurement strategy for the manufacturer, we will compare the expected profits under different reservation quantities for the option contract and compare them with the fixed commitment contract.
Let's consider different reservation quantities and calculate the expected profits for each scenario:
Reservation Quantity: 800 units
For Company 1 (fixed commitment contract):
Expected Profit = (0.11 * (20 - 10) * 800) + (0.11 * (20 - 10) * 800) + (0.28 * (20 - 10) * 800) + (0.22 * (20 - 10) * 800) + (0.18 * (20 - 10) * 800) + (0.10 * (20 - 10) * 800)
Expected Profit = $2,640
For Company 2 (option contract):
Expected Profit = (0.11 * (20 - 6) * 800) + (0.11 * (20 - 6) * 800) + (0.28 * (20 - 6) * 800) + (0.22 * (20 - 6) * 800) + (0.18 * (20 - 6) * 800) + (0.10 * (20 - 6) * 800)
Expected Profit = $3,960
Reservation Quantity: 1000 units
For Company 1 (fixed commitment contract):
Expected Profit = (0.11 * (20 - 10) * 1000) + (0.11 * (20 - 10) * 1000) + (0.28 * (20 - 10) * 1000) + (0.22 * (20 - 10) * 1000) + (0.18 * (20 - 10) * 1000) + (0.10 * (20 - 10) * 1000)
Expected Profit = $3,300
For Company 2 (option contract):
Expected Profit = (0.11 * (20 - 6) * 1000) + (0.11 * (20 - 6) * 1000) + (0.28 * (20 - 6) * 1000) + (0.22 * (20 - 6) * 1000) + (0.18 * (20 - 6) * 1000) + (0.10 * (20 - 6) * 1000)
Expected Profit = $4,950
By comparing the expected profits for different reservation quantities, we can observe that the option contract (Company 2) yields higher profits compared to the fixed commitment contract (Company 1) for all reservation quantities considered. The option contract allows the manufacturer to adjust the quantity based on the probabilistic demand forecast, resulting in a higher expected profit.
The option contract is especially advantageous when there is uncertainty in the demand forecast. By choosing the option contract, the manufacturer can pay a reservation price upfront and then only purchase the required units based on the actual demand, avoiding excess or shortage. This flexibility leads to higher profitability in scenarios where the actual demand deviates from the forecasted values.
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Related Questions
WILL MARK BRAINLIEST
Etiquette Inc. earns $150,000 as income from services in a particular accounting period. The company's operating expenses for this period are
$35,000. What is the company's net income?
The net income Etiquette Inc. earns is $______.
Answers
Answer:
$115,000
Explanation:
150,000-35,000
What is the answer?? No links
Answers
Answer:
c
Explanation:
get big brain kid not good kid get better bro
At CheapCo Convenience Stores, employees receive an increase in their hourly wage each year. A certain employee's hourly wage in dollars per hour, t years after she starts working for CheapCo, is given by the formula w(t)=9.50+0.30t.
a. What is w(10) ? What does this value tell us about the employee's hourly wage?
b. What is w⁻¹(14) ? What does this value tell us about the employee's hourly wage?
c. In real life. why might somebody be interested in finding and understanding the inverse function w⁻¹?
Answers
It provides a useful tool for planning and understanding the relationship between time worked and hourly wage earned.
a. To find w(10), we substitute t = 10 into the given formula: w(10) = 9.50 + 0.30(10)
= 9.50 + 3.00
= 12.50.
This value tells us that after 10 years of working for Cheap Co, the employee's hourly wage is $12.50.
b. To find w⁻¹(14), we need to solve the equation 14 = 9.50 + 0.30t for t.
Rearranging the equation, we have 14 - 9.50 = 0.30t, which simplifies to 4.50 = 0.30t. Dividing both sides by 0.30, we find t = 4.50 / 0.30 = 15.
This value tells us that to earn an hourly wage of $14, the employee would need to work for 15 years at CheapCo.
c. In real life, somebody might be interested in finding and understanding the inverse function \(w⁻¹\) because it allows them to determine how many years an employee would need to work in order to earn a certain hourly wage.
It provides a useful tool for planning and understanding the relationship between time worked and hourly wage earned.
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If MPC =4/5, actual GDP = $600 and potential GDP = $640, there
is a ____
(recessionary / inflationary) gap of $__ and a ____ (decrease /
increase) in government
spending of $__ would eliminate the gap
Answers
There is a recessionary gap of $40 and a increase in government spending of $40 would eliminate the gap.
The recessionary gap is determined by the difference between actual GDP and potential GDP. In this case, the actual GDP is $600 and the potential GDP is $640, resulting in a gap of $40.
To close the recessionary gap, an increase in government spending is required. By increasing government spending by the same amount as the gap ($40), it would stimulate the economy and increase aggregate demand, leading to an increase in GDP. This increase in government spending would help bridge the gap and bring the economy closer to its potential level of output.
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WHAT IS THE WORLDS LARGEST PEANUT 50 points
Answers
Answer:
I AM THE LARGEST PEANUT
Explanation:
Answer:
Unveiled with fanfare on a chilly Friday, Nov. 15, 1974, it's 3 feet long and 18 inches around, crafted of 50 pounds of aluminum and dedicated to the Bryan County Peanut Growers and Processors
use the adjusted trial balance accounts and balances at its december 31 year-end for stark company to prepare an adjusted trial balance.
Answers
To prepare an adjusted trial balance for Stark Company at its December 31 year-end, you would follow these steps:
1. Start with the unadjusted trial balance: This is a list of all the accounts and their balances before any adjustments have been made.
2. Review the adjustments: Look for any adjustments that need to be made to the accounts. These adjustments are typically recorded on a separate worksheet.
3. Make the necessary adjustments: Use the adjustments provided to update the balances in the accounts. This may involve adding or subtracting amounts from the existing balances.
4. Calculate the adjusted balances: After making the adjustments, calculate the adjusted balances for each account. This is done by adding or subtracting the adjustment amounts from the unadjusted balances.
5. Prepare the adjusted trial balance: Create a new list of accounts and their adjusted balances. The adjusted trial balance should include all the accounts from the unadjusted trial balance, as well as any new accounts that were created as a result of the adjustments.
Once you have made all the adjustments, calculate the adjusted balances for each account. This is done by adding or subtracting the adjustment amounts from the unadjusted balances. For example, if an adjustment decreases the balance of an asset account, you would subtract the adjustment amount from the unadjusted balance.
Finally, prepare the adjusted trial balance by creating a new list of accounts and their adjusted balances. The adjusted trial balance should include all the accounts from the unadjusted trial balance, as well as any new accounts that were created as a result of the adjustments. This adjusted trial balance is used to prepare the financial statements.
Stark company has the following adjusted accounts with normal balances at its December 31 year-end. Notes payable $ 30,000 Accumulated depreciation-Buildings $ 34,000 Prepaid insurance 4,400 Accounts receivable 7,800 Interest expense 880 Utilities expense 3,200 Accounts payable 11,000 Interest payable 860 Wages payable 2,300 Unearned revenue 1,750 Cash 48,000 Supplies expenso 580 Wages expense 9,400 Buildings 230,000 Insurance expense 3,700 Dividends 12,500 Common stock 29,000 Depreciation expenso-Buildings 11,500 Services revenue 115,000 Supplies 1,750 Retained earnings 109,800 Use the adjusted trial balance accounts and balances at its December 31 year-end for Stark Company to prepare an adjusted trial balance STARK COMPANY Adjusted Trial Balance December 31 Debit Credit Totals
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Throughout history, the role of government in business has changed. When the constitution was written, what was the federal government's role in business?
Select an answer from the options below
A-issue patents to inventors
B-impose tariffs on imported goods
C-settle disputes between businesses
D-all the above
Answers
Government agencies may assist businesses by offering them advisory, financial, and other services. It can also serve as the public's ally by making and upholding laws pertaining to labor safety, consumer protection, and other issues.
The Constitution grants the government the authority to regulate some businesses, and the U.S. government has been involved in business for as long as the nation has existed. The business community continues to enjoy a great deal of independence even if the role of the government has grown throughout time.
To safeguard the rights of employees, the environment, and businesses' level of power in a highly commercialized society, the U.S. government has put in place a number of business rules. Growth, industrialization, changes in mindset, environmental concerns, and technological advancements all contributed to changes in the government's involvement in business over time.
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Among those not working, the most recent job-search activity for 2.90 million happened less than two weeks ago, while 1.72 million most recently looked for work between two and four weeks ago. An additional 0.86 million most recently looked for work five weeks ago, and the remaining 10.99 million who do not have jobs have not looked for work in the past six weeks. Round your answers to two decimal places.
Answers
Answer:
A. 24.05
B. 4.62
C. 66.99%
D. 19.21%
Explanation:
A). Calculation to determine the Laborland's total labor force
Using this formula
Total Labor Force = Employed + Unemployed
Let plug in the formula
Total Labor Force = (4.9+ 14.53) + (2.9 + 1.72)
Total Labor Force = 19.43 + 4.62
Total Labor Force = 24.05
Therefore the Laborland's total labor force is 24.05
(B). Calculation to determine the Laborland's labor force participation rate
Unemployed = 2.90 + 1.72
Unemployed = 4.62
Therefore the Laborland's labor force participation rate is 4.62
(C). Calculation to determine How many people are unemployed in Laborland
Using this formula
Labor force participation rate = Labor force / Total working age population
Let plug in the formula
Labor force participation rate= $24.05 / 35.9
Labor force participation rate= 66.99%
Therefore How many people are unemployed in Laborland will be 66.99%
(D). Calculation to determine Laborland's unemployment rate
Using this formula
Unemployment Rate = Unemployed / Labor force
Let plug in the formula
Unemployment Rate = 4.62 / 24.05
Unemployment Rate= 0.1921 * 100
Unemployment Rate= 19.21%
Therefore Laborland's unemployment rate is 19.21%
Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional questions.
Online Content: Site 1
Explain why two employees at a company, earning the same gross pay, might have different net pays.
How are hourly and salaried gross pay calculated?
Answers
Allen Furniture Company is considering offering an inexpensive line of college dorm and apartment furnishings. If they move forward, they will renovate part of their store to accommodate this new stock. Before spending the money to redesign the store, they first want to find out customer interest. In a short response of approximately 100 words, describe some of the steps they should take as they consider this project.
Answers
Answer:
Allen Furniture Company should look into conducting a survey to gauge customer interest to find what they look for, need, and find attractive. They could do so by going to college campuses and conducting random interviews. For their apartment furnishings, they could look online to see what kind of product sell and do an analysis of customer interest that way and they could also conduct a survey for people that live in apartments. They could also look into a consultant that specializes in the field and is experienced with what customers like or want.
Bridgett received her bank statement with a previous balance of $181.36. Total deposits were $475.00. Total checks written were $165.25. The service charge was $7.00. How much money does Bridget have in her checking account?
Your answer:
-$121.39
$484.11
$491.11
Answers
Answer:
$484.11
Explanation:
Calculation to determine How much money does Bridget have in her checking account?
Previous balance of $181.36
Add Total deposits $475.00
Less Total checks written $165.25
Less service charge $7.00
Checking account balance $484.11
Therefore How much money does Bridget have in her checking account is $484.11
What is one major function of retail banks?
A. Keeping all deposits in reserve at all times
B. Offering loans that use car titles as collateral
C. Providing credit and debit cards to customers
D. Managing the payroll of major corporations
SUBMIT
Answers
Answer:
The role of retail banking is to help individual consumers manage their money, gain access to credit, and deposit their money in a secure way.
Explanation:
Providing credit and debit cards to customers is a major function of retail banks. Hence, the correct answer is option C.
What are retail banks?Retail banks are financial institutions that provide banking services to individuals and small businesses. These services include deposit accounts, such as savings and checking accounts, as well as loans, mortgages, credit and debit cards, and other financial products.
Providing credit and debit cards to customers is a major function of retail banks because it allows customers to make purchases without the need for cash and helps facilitate online and mobile payments. Credit and debit cards also generate revenue for retail banks through fees and interest charged on balances, making them an important source of income for banks.
Hence, providing credit and debit cards to customers is a major function of retail banks. Therefore, the correct answer is option C.
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How long does it take to get a doctorate in education?
Answers
jordan is responsible for creating a new product for a company the product needs to be completely original(not based on any other project) and no outside parties are allowed to have knowledge of this project. what should he do to solicit help in this process.
a. review old company records
b.use employee suggestions
c. contract a marketing research company
d. conduct a customer survey
Answers
Answer: use employee suggestions
Explanation:
Jordan is responsible for creating a new product for a company. Jordan use of employee suggestions jordan do to solicit help in this process. Thus, option (b) is correct.
What is employee?The term employee refers to the work in the company to earn the money. The employee is the provided the services to the company with exchange of the salary. The employees are the work with the unity are the increased the wealth of the company.
According to the Jordan is responsible for producing a new production for a company. Jordan use of employee suggestions jordan do to solicit help in this process. The employees suggestions are the benefit to the employees. Jordan is accountable for making a new commodity for a company.
As a result, the Jordan is responsible for creating a new product for a company. Jordan use of employee suggestions jordan do to solicit help in this process. Therefore, option (b) is correct.
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a union can influence the equilibrium wage rate by:
Answers
A union can influence the equilibrium wage rate by collectively bargaining on behalf of their members and demanding higher wages than what would prevail in a competitive market.
A union is an organization formed by workers in a company, trade, or profession to represent their interests in collective bargaining with employers on issues such as wages, hours, and working conditions. The equilibrium wage rate is the market-clearing wage rate, which is the wage rate at which the supply of labor equals the demand for labor. It's the wage rate at which the number of workers employers want to hire equals the number of workers who want to work.
A union can influence the equilibrium wage rate by engaging in collective bargaining with employers. Collective bargaining is a process where the union and the employer negotiate the terms and conditions of employment, including wages. By negotiating on behalf of their members, unions can demand higher wages than what would prevail in a competitive market. This can lead to an increase in the wage rate and a decrease in the quantity of labor demanded by employers, which can cause a surplus of labor (unemployment) in the market.
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What are the two factors used to calculate productivity?
A. Goods produced and number of customers
B. Resources invested and goods lost
C. Goods produced and employees hired
D. Goods produced and resources invested
Answers
Goods produced and resources invested re the two factors used to calculate productivity.
How productivity is measured?Productivity is measured from different factors in the organization like the profit generate from the sales, number of customer increases, the amount of money invested in the company, the goods that are consumed of sell within span of time and others.
Thus, option D is correct.
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Answer:
Goods produced and resources invested
Explanation:
T/F: Need-payoff Questions should not be asked until after the buyer's problems have been identified and developed.
Answers
False. Need-payoff questions can be asked both before and after the buyer's problems have been identified and developed.
Need-payoff questions are designed to uncover the buyer's needs, desires, or pain points and help establish the value proposition of a product or service. These questions focus on understanding the buyer's desired outcomes, goals, and the potential benefits they seek. By asking need-payoff questions, sales professionals can explore how their offering can meet those needs and demonstrate the value it can provide.
While it is common to ask need-payoff questions after the buyer's problems have been identified and developed, they can also be used earlier in the sales process to uncover potential needs and generate interest. In fact, asking need-payoff questions early on can help guide the conversation and shape the subsequent problem identification and development stages.
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Firms A and B plan to collude in an economy for their similar products, which includes the grim strategy for punishment. They plan to set the price of their product at $8. The marginal cost of Firm A is $5 and Firm B is $4.50. If firm A is impatient to earn more profits and Firm B wishes to last in the business for the long-run, which of the following situations would likely occur? A. Firm B reduces the price to $7 causing Firm A to exit the market. B. Firm B reduces the price to $7 causing Firm A to reduce its price to $7. C. Firm A reduces the price to $7 causing Firm B to reduce its price to $4.50. D. Firm A reduces the price to $7 causing Firm B to exit the market.
Answers
Answer: C. Firm A reduces the price to $7 causing Firm B to reduce its price to $4.50.
Explanation:
Since firm A is impatient to earn more profits and Firm B wishes to last in the business for the long-run, then Firm A will reduce the price to $7 causing Firm B to reduce its price to $4.50.
Since Firm A reduces the price to $7, this will lead to an increase in the quantity demanded of the product and therefore the firm can earn more profit. On the other hand, firm B will reduce its price to a point where the price meets the marginal cost which is $4.50.
PLEASE HELPP!!
Financial Statement Analysis Portfolio
The Income Statement for Pumpkin Co. is shown below:
Pumpkin Co.IncomeStatement
for the Month Ended October 21, 2010
revenues- blank
sales
$120,000.00
operating expenses-blank
salary expense
$10,000.00
supplies expense
$14,000.00
depreciation expense
$4,000.00
net income
$92,000.00
Pumpkin Co. is about to embark on a project that will have a total cost of $300,000.00 over a 10-year period.
1. Calculate the expected annual rate of return on this project.
2.Calculate the cash payback on this project.
Answers
Answer:
Explanation:
what do you need help with', though
The expected rate of return over the project will be 30.67%; whereas, the cash payback for the same will be 3.12 years.
What is rate of return?A financial ratio used to calculate the returns over monetary engagement during a financial period is generally regarded as the rate of return over such investment.
Using the given information, the expected rate of return will be computed as,
\(\rm Rate\ of\ Return= \dfrac{Net\ Income}{Investment}\ x\ 100\\\\\rm Rate\ of\ Return= \dfrac{92000}{300000}\ x\ 100\\\\\rm Rate\ of\ Return= 30.67\%\)
Similarly, when such return is earned, the cash payback will be computed as,
\(\rm Cash\ Payback= \dfrac{Investment}{Cash\ Inflow}\\\\\rm Cash\ Payback= \dfrac{300000}{92000}\\\\\rm Cash\ Payback= 3.125\)
Hence, the expected rate of return over the project will be 30.67%; whereas, the cash payback for the same will be 3.12 years.
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PLZ help I’m so tired!! SIS GOTTA GO SLEEP!!
which upset customer handling technique requires responding quickly and in a businesslike tone with abuse cursing and threats are present?
A. Let them talk
B. Resolve the problem
C. Identify the problem
D. Don’t tolerate abuse
Answers
Answer:
my answer is a.let them talk
Don’t tolerate abuse handling technique requires responding quickly and in a businesslike tone with abusive cursing and threats present.
Thus, option D is correct.
What is a customer handling technique?The customer handling technique allows representatives to summarise and reiterate the client's issue, listening intently to a company’s customers is a crucial customer service ability. The customer will feel as though their problem is addressed if you do this.
The customer handling technique will not allow anyone to say wrong words or bad words to another piece. There it is important that no one should they are allowed to abuse another being. Even if it is a customer then there should be respectfully told so.
Therefore, option D is the correct option.
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What is the correlation between consumer spending, discounts, rising prices, and the economy
Answers
Inflation is the correlating factor between consumer spending, discount, rising prices and the economy.
What is an inflation?An inflation means a persistent rise in general level of goods and service in a particular year.
Inflation affects consumer spending because the purchasing power of currency reducesInflation affects discount ratesInflation results to rising price of goods and servicesInflation gives the overall economy a hard timeIn conclusion, an Inflation is the correlating factor between consumer spending, discount, rising prices and the economy.
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intoxicated, obo enters a contract for the sale of his business, precision parts, to quad for $500,000.00. the next morning, obo remembers the events of the night before and calls quad and to tell him how excited he is about selling him the the business $500,000.00. a. obo may ratify the contract the next day. b. quad has the right to decide whether the contract should be valid. c. the contract cannot be valid under any circumstances if quad was also intoxicated. d. since obo was intoxicated at the time of the contract, he may not ratify it.
Answers
In this case the intoxicated Obo obo may ratify the contract the next day.
Hence, option A is correct.
A person ratifies a contract in terms of contract law when they accept the benefit, making the contract legally enforceable. This might entail formally signing a contract, but behaviour might also validate one.It should be made clear that you must ratify a contract in its entirety; you cannot merely confirm certain clauses. Declare your agreement to the contract in a clear and concise manner. Either an express or an implicit declaration can do this.To know more about contract here
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What best describes the relationship between short and long-term goals?
Answers
Sweet Acacia, Inc. uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31. Cost per Unit Market per Unit Units Cameras Minolta 5 $179 $143 Canon 153 158 Light Meters Vivitar 13 132 119 Kodak 120 130 What amount should be reported on Sweet Acacia, Inc.'s financial statements, assuming the lower-of-cost-or-market rule is applied? Total $
Answers
The total inventory value using the lower-of-cost-or-market rule is $40,071 ($715 + $23,409 + $1,547 + $14,400). This is the amount that should be reported on Sweet Acacia, Inc.'s financial statements.
To determine the amount to be reported on Sweet Acacia, Inc.'s financial statements using the lower-of-cost-or-market rule, the company needs to compare the cost per unit and the market per unit of each inventory item and use the lower value to calculate the total inventory value. The calculations for each item are as follows:
Minolta cameras: Cost per unit is $179 and market per unit is $143, so the market value is lower. Total value is 5 units x $143 = $715.Canon cameras: Cost per unit is $153 and market per unit is $158, so the cost value is lower. Total value is 153 units x $153 = $23,409.Vivitar light meters: Cost per unit is $132 and market per unit is $119, so the market value is lower. Total value is 13 units x $119 = $1,547.Kodak light meters: Cost per unit is $120 and market per unit is $130, so the cost value is lower. Total value is 120 units x $120 = $14,400.To know more about inventory value refer to-
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PLS (Figure: Policy Alternatives) Use Figure: Policy Alternatives. In panel (a), if the economy is at an aggregate output of Y, and a price level of P2. the economy is in: Price level Panel (a) LRAS SRAS1 Price level Panel (b) LRAS SRAS P3 SRAS2 w P3 P2 P2 Pi P1 "AD₂ AD Y YP 2 Real GDP AD Y YP V2 Y1 Real GDP an inflationary sap a recessionary gap neither an inflationary nor a recessionary gap long-run equilibrium
Answers
Panel (a) depicts that the economy is at an aggregate output of Y and a price level of P2, and in this case, the economy is in neither an inflationary nor a recessionary gap.
The given figure shows the Short-run aggregate supply (SRAS), Long-run aggregate supply (LRAS), and the Aggregate demand (AD) curves in two different panels (panel a and panel b). It shows different scenarios of the economy in the short-run and long-run concerning inflationary and recessionary gaps.In panel (a), where the economy is at an aggregate output of Y, and a price level of P2, we can see that the Short-run aggregate supply (SRAS1) curve is below the Long-run aggregate supply (LRAS) curve, and they intersect at point E.
which is also the intersection point of the Aggregate demand (AD) curve. This indicates that the economy is in the long-run equilibrium and neither an inflationary nor a recessionary gap. Therefore, the answer is "neither an inflationary nor a recessionary gap. "Option: D
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I'll give 20 points if you just answer this riddle: You see a boat filled with people. It has not sunk, but when you look again you don’t see a single person on the boat. Why?
Nice doing "business" with ya!
Answers
Answer:
Everyone on the boat is married.
Explanation:
then impact of risky behaviour on one's well-being by referring to social,emotional,physical and spiritual
Answers
____ is an arrangement for jointly developing a particular new technology.
Offshoring
Research partnership
Internal development
Corporate espionage
Acquisition of a technology owner
Answers
Research partnership.A research partnership is an arrangement where two or more entities, such as companies, universities, or research institutions, come together to jointly develop a particular new technology.
This partnership involves pooling resources, expertise, and funding to conduct research and development activities aimed at advancing the technology and achieving shared goals.
A research partnership is a collaborative approach that allows entities to leverage their combined strengths and resources to accelerate the development of new technologies. It fosters innovation, knowledge sharing, and the efficient utilization of resources, ultimately leading to advancements in technology and potential commercialization opportunities.
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The United States enjoys a free market economy in which _____. most economic decisions are made by the central government the states have all of the authority to make economic decisions regarding businesses that do not operate across state lines most economic decisions are allowed to occur naturally as a result of market changes made by government intervention none of the above all of the above
Answers
Answer:
none of the above
Explanation:
I think its none of the above because in free economy the businesses basically do whatever they want and government/state has little to no interference.
What are internal rules?
2. What are replaceable rules?
3. What are the effects of statutory contracts?
4 Problem question:
Adam and Poh, two young entrepreneurs wish to form a small
proprietary limited company operate a restaurant ‘Master Plate Pty
Ltd’. On 22 February, Adam entered a contract with Irish Linen Ltd to
purchase 18 monogrammed tablecloths and he executed the contract in
the name of Master Plate Pty Ltd (‘Master Plate’).
On 24 February, the company was registered. The company did not
adopt a constitution and each of them took 50% share and both were
appointed as directors. Due to dispute between Adam and Poh
regarding the contract with Irish Linen Ltd, that contract was not
ratified by Master Plate until 30 march.
On May 1, tablecloths were supplied by Irish Linen Ltd but not paid.
Explain who may be liable to pay for them.
Answers
Adam could potentially be liable for the contract with Irish Linen Ltd. This is due to the fact that the contract was executed prior to the registration of the company, and wasn't ratified by the company until after its registration.
When Adam signed the contract on behalf of Master Plate Pty Ltd on February 22, the company had not yet been registered. As a general rule, a company cannot enter into contracts before it is officially registered because it doesn't legally exist. Consequently, the person who signs a contract on behalf of a company that has not yet been formed may be held personally liable for fulfilling its terms. Even though the contract was later ratified by the company on March 30, Adam had already potentially incurred personal liability when he signed the contract. Furthermore, whether the company's ratification would relieve Adam of liability may depend on specific provisions of the relevant jurisdiction's company law.
Learn more about pre-incorporation contracts here:
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