Answer:
If a foreign government hires an American consulting firm to help the country's textile industry improve production operations, the contract is commercial, and if the foreign government refuses to pay, the consulting firm may sue the government in American courts.
False
Explanation:
Any company could be sued at anywhere so far there is bridge of agreement or contract, with the analogy above such consulting American company would be sued but in the above case, a consulting American firm can not sue themselves unless someone in the company sue the American consulting firm
Answer:
I would rather sign a contract with talent for a relatively short period say 5 months where I would pay $5000 per month or I would increase the amount paid for the painting to $10000 or $15000
Explanation:
A huge momentarily reward can blind long term gain and during this period.
Answer:
True
Explanation:
The codes of conduct are the set or collection of conduct in an organisation that are specified for the particular organisation. These conducts may be following:
- Rules
- Principles
- Values
- Employee expectations, behavior, and relationships
These codes of conducts are to be followed by the individuals associated with organisation.
Answer: E. All OF THE ABOVE
Explanation:Forcasting is a technical term used especially in Economy management, statistics,and in operations to predict possible outcomes especially as it concerns the future,putting into consideration prevailing circumstances.
The challenges of poor forcasting can be mitigated by all of the approach highlighted. Using the BEST,MOST RECENT INFORMATION, USING SIMPLE TECHNIQUES (this will improve accuracy and avoid complexities), BUILD FLEXIBLE OPERATIONS and MINIMIZE INVENTORY ( this will reduce the stress of handling too many things at a time).
Answer:
I would advise Mr. Raiman to reduce the quantity of output produced.
Explanation:
Mr. Raiman produces 12 pairs of shoes per week.
The marginal cost incurred in producing the 12th pair is $84.
The marginal revenue earned from the 12th pair is $70.
The marginal cost is greater than marginal revenue. This means that Mr. Raiman is having a loss.
In order to maximize profits, he should produce at the point where the marginal cost is equal to marginal revenue.
So, I would suggest him to reduce the output to the level where marginal cost is equal to marginal revenue.