Based on the scenario presented, it is likely that General Contracting can have the contract discharged based on impracticability.
Impracticability is a legal defense that can be used when performance of a contract becomes extremely difficult or expensive due to unforeseen circumstances that were not anticipated by the parties at the time the contract was formed.
In this case, General Contracting did reasonable soil tests, but could not have anticipated that the mountain was solid granite, which made the job much more expensive than originally estimated.
If General Contracting were to refuse to complete the job at a loss and Rockyville sues, the court would likely consider whether the impracticability defense applies. If it does, General Contracting may be able to have the contract discharged and avoid liability for the additional costs.
It is important to note that the other options listed in the multiple choice question are not applicable in this scenario. Impossibility typically refers to situations where performance of the contract is literally impossible, such as if the subject matter of the contract is destroyed.
Frustration of purpose occurs when an unforeseen event occurs that undermines the fundamental reason for the contract, such as if the road was intended to provide access to a new development that was cancelled. These defenses are not applicable in this scenario because the job is not literally impossible and the purpose of the contract has not been frustrated.
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Which pricing tactic should most likely be used when marketing organization are targeted quality-conscious consumers?
A targeted pricing tactic should most likely be used when marketing organizations are targeting quality-conscious consumers.
Marketing is an activity, institution, and process for creating, communicating, delivering, and exchanging offers of value to customers, clients, partners, and society as a whole.
Marketing informs many people about a particular product. Sales increase when people get enough information about your product. Marketing is very helpful for many companies to create revenue opportunities. This is true when the corporate sector uses different marketing strategies to increase corporate profits.
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Aggregate supply is represented as a schedule or curve showing the relationship between the nation's
Aggregate supply is represented as a schedule or curve showing the relationship between the nation's price level (index) and the amount of real domestic output that firms in the economy produce.
The whole supply of products and services produced within an economy at a specific overall price over a specific time period is known as aggregate supply, also known as total output.
In other words, Aggregate supply is the total amount of items produced over a specified time period at a particular pricing point.
The relationship between price levels and the amount of output that businesses are prepared to produce is depicted by the aggregate supply curve.
Usually, the level of prices and total supply have a positive connection.
Demand growth or decline has the biggest impact on short-term changes in aggregate supply.
New technology or other developments in an industry have the biggest impact on long-term changes in aggregate supply.
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Certain business processes are copyrightable.
a) true
b) false
According to interdependency theory, the net profit or loss a person encounters in a particular interaction is known as the ________. reward cost satisfaction outcome
According to interdependency theory, the net profit or loss a person encounters in a particular interaction is known as the outcomes. reward cost satisfaction outcome
Social exchange theory also called the interdependency theory. Human psychology has a direct relation with interdependency.
Interdependency theory views relationship within people and the individual self which lay emphasis on one's behaviour and emotions.
This makes theory both psychological with human element presenting the concept of interdependency.
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Exhibit depicts a monopolistically competitive firm a. generating profits in the short run. b. It is impossible to determine from this graph whether the firm is generating profits or losses. c. generating zero profits in the long run. d. generating losses in the short run.
The graph shows about monopolistically competitive firm that it is impossible to determine from this graph whether the firm is generating profits or losses..
What is a monopolistically competitive firm?These are firm involved in an imperfect competition where there are many producers competing against each other but selling products that are differentiated from one another and hence are not perfect substitutes.
The characteristics of a monopolistically competitive industry includes:
Many sellers.Easy entrance. Differentiated products.Local Advertising.Hence, the graph shows about monopolistically competitive firm that it is impossible to determine from this graph whether the firm is generating profits or losses..
Therefore, the Option B is correct.
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Which of the following techniques provides customers with a research topic and asks them to collect visual images that represent their thoughts and feelings about that topic?
Zaltman metaphor elicitation technique provides customers with a research topic and asks them to collect visual images that represent their thoughts and feelings about that topic.
The Zaltman Metaphor Elicitation Technique (ZMET) is a market research tool. ZMET is a technique that evokes both conscious and especially unconscious thoughts by examining people's nonliteral or figurative expressions. Developed in the early 1990s by Dr. Gerald Zaltmann of Harvard Business School.
First, participants are asked to zoom in on one or more selected images and explain what else they can put in the image to enhance the original idea. You may also be asked to introduce yourself with a picture and discuss what is happening, what you think and feel.
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Which of the following is closely related to packaging and is used to identify, promote, inform, and address legal requirements
Labeling is closely related to packaging and is used to identify, promote, inform, and address legal requirements
Packaging is the science, art, and art of enclosing or protecting products for distribution, storage, sale, and use. Packaging also refers to the process of designing, evaluating, and manufacturing packaging.
Generally refers to the process of package design, evaluation, and manufacturing. Common packaging products include boxes, cartons, cans, bottles, bags, envelopes, wrappers and containers.
Packaging materials surrounding consumer goods that contain, identify, describe, protect, display, promote, or otherwise serve to market the product and keep it clean. Packaging is more than just how a product looks.
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In the second half of 2019, automobile sales in the United States were lower than they were in the second half of 2018. The decrease in auto sales impacts GDP because new automobiles are counted as ________ when purchased by households and ________ when purchased by businesses.
In the second half of 2019, automobile sales in the United States were lower than they were in the second half of 2018. The decrease in auto sales impacts GDP because new automobiles are counted as consumption when purchased by households and investment when purchased by businesses.
Gross domestic product (GDP) is the overall monetary or market value of all of the goods and services produced within a country's borders in a particular time period.
GDP can be calculated by adding up all of the money spent by consumers, businesses, and the government in a given period. It may also be calculated by adding up all of the money received by all the participants in the economy.
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Distinguish among the three methods of allocating the costs of support departments to operating departments.
The three methods of allocating the costs of support departments to operating departments are:-
a. The direct (assignment) method ignores all services provided by one support organization to another support organization. Allocate the cost of each support department directly to the
operations department. The
b. step-down (allocation) method sequentially allocates support department costs to other his
support departments and operations departments in such a way that the
partially approves the mutual service of all support departments.
c. The Mutual (Attribution) process allocates support department costs to operations by fully authorizing the mutual services provided between all support departments.
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The total dollar return is the sum of dividends and blank______.
a) percentage returns
b) government payouts
c) overall market fluctuations
The total dollar return is the sum of dividends and capital gains and losses.
What is a dividend?A dividend is the returns paid investors, who have stake in a firm or an organization. It is normally paid to shareholders, who own shares in a company at the end of financial period.
In other words,
Dividends refer to share of profits from a portion of company's earnings which is paid to a class of its shareholders. It can be issued in different forms, such as cash payment, stocks or any other form. An organization’s dividend is decided by its board of directors and the shareholders’ approval is required.Learn more about dividend here: https://brainly.com/question/2960815
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NB
Please see complete question below.
The total dollar return is the sum of dividends and __________.
a) capital gains or losses
b) overall market fluctuations
c) percentage returns
d) government payouts
When marketing to consumers in the global population, it's important to remember that promoting products:
When marketing to consumers in the global population, it's important to remember that promoting products calls for attention to cultural differences and possible translation problems.
What is marketing?Marketing is when firms or business promote their products by attracting potential buyers. It includes market research and advertising.
Marketing refers to those action undertaken by firm for promoting purpose to facilitate more sales of its products or services.
The process of marketing includes creating, communicating, delivering and exchanging offerings that have value for customers hence main objective is to generate revenue for the company.
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A ______ occurs when a firm has accrued significant market power and is changing the industry structure in its favor.
Near monopoly occurs when a firm has accrued significant market power and is changing the industry structure in its favor.
What does a near monopoly mean?Near-monopolies are companies that have moved into a space and have taken over a significant portion of the market share. Such companies are often very large. Also, they tend to diversify, making other products to help boost both market share and profit.Strategic emergent monopoly is an emergent strategy is one that arises from unplanned actions and initiatives from within an organization
A natural monopoly exists in a particular market if a single firm can serve that market at lower cost than any combination of two or more firms
The term "accrued liability" refers to an expense incurred but not yet paid for by a business. These are costs for goods and services already delivered to a company for which it must pay in the future. A company can accrue liabilities for any number of obligations and are recorded on the company's balance sheet.
Therefore Near Monopoly occurs when a firm has accrued significant market power and is changing the industry structure in its favor..
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Correct Question - . A ______ occurs when a firm has accrued significant market power and is changing the industry structure in its favor
a. Near monopoly
b. Strategic emergent monopoly
c. Natural monopoly
d. Accrued liable monopoly
Even if it is making economic losses, a perfectly competitive firm should keep operating in the short run so long as the price is:__________
Even if it is making economic losses, a perfectly competitive firm should keep operating in short run so long as price is higher than average variable cost. A company operating in perfect competition has no control over product's price. A company that stops producing, or closes down temporarily, will incur losses proportional to the fixed costs.
Because the firm's losses will be smaller in that scenario than the fixed costs, it will be prudent to continue functioning in near term when firm's total income surpasses firm's entire fixed expenses. Losses result when the market's price drops below average overall cost.
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When no employer-sponsored retirement plan is offered, you should contribute to a(n)?
When no employer-sponsored retirement plan is offered, you should contribute to a(n) individual retirement account (IRA).
An individual retirement account (IRA) is a type of pension offered by numerous financial organizations in the United States that offers tax benefits for retirement savings. It is a trust that manages investment properties bought with a taxpayer's income for the taxpayer's potential retirement benefit. one can save money for retirement tax-advantageously with an individual retirement account (IRA). An IRA is a financial institution-created account that enables someone to save for retirement while earning tax-free growth or on a tax-deferred basis.
Stocks and other securities can be bought and sold through brokerage accounts, which are taxable investment accounts. IRAs are intended for people who want to save for their retirement and allow their investments to grow tax-free or tax-deferred.
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All Signal Inc., a telephone service provider, has a large user base mainly because phone calls and messages between all All Signal users are free. When a person switches to an All Signals network, his or her entire network of family and friends is likely to switch to the same network to receive the benefit of free calls and messages. In addition, an existing user who gets a new user to register with All Signal Inc. is given a free wireless connection. This has helped to keep competition away from All Signal. In this scenario, which of the following factors is acting as an entry barrier for All Signal Inc.?
A. economies of scale.
B. high capital requirement.
C. network effects.
D. high fixed costs.
Network effects is acting as entry barrier. According to the online course Economics for Managers, refers to any situation in which the value of a product, service, or platform is determined by the number of buyers, sellers, or users who leverage it is called network effects.
Generally, the more buyers, sellers, or users there are, the greater the network effect—and thus the greater the value created by the offering. To ensure that you're pricing your products, services, or platform effectively, you should take several entry barrier into account. You must understand the distinct value your product offers, as well as your customers' willingness to pay.
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________ is the process of evaluating and selecting longminus term investments that are consistent with a firm's goal of maximizing owners' wealth.
Capital expenditure is the process of evaluating and selecting long minus term investments that are consistent with a firm's goal of maximizing owners' wealth.
The money that the government spends on developing buildings, machinery, equipment, schools and other infrastructure are known as capital expenditure. Additionally, it covers the costs made by the government for investments that will generate profits or dividends in the future, such as land acquisition costs.
The long-term character of capital investment, which results in the formation of assets, enables the economy to generate income for many years by expanding or upgrading manufacturing facilities and increasing operational effectiveness. Additionally, capital expenditure raises the ability of the economy to create more in the future, increases labor participation, and evaluates the economy.
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The primary benefit of in-house banking as used by a major corporation is: Group of answer choices Improved visibility and control over subsidiary cash assets minimized borrowing reduction in overall banking costs improved ability to manage internal and external FX risk
The primary benefit of in-house banking as used by a major corporation is a reduction in overall banking costs and improved ability to manage internal and external FX risk.
What is in-house banking?When something is done "in-house," it is done by a corporation on its own, as opposed to using outside vendors.
In-house legal teams, developers, marketers, and other specialist services are frequently used by larger organizations.
While outsourcing those divisions to third parties is typical practice for some businesses, maintaining those functions in-house can give a company better operational flexibility.
Automakers and banking institutions frequently use internal finance.
There are costs associated with retaining some experts on staff because they need to be paid a full-time salary even if they are not constantly needed.
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BALANCE SHEET Evaluation
Prepare a Balance Sheet for Rosebud Motel, using today’s date. Assets include Cash $17,000, Equipment $29,900, Office Supplies $2,095, Accounts Receivable $8,215 and Building $141,000. Liabilities include two separate suppliers: Elmdale Cleaning Ltd. $4,600, and Staple Supply Co. $1,150, Mortgage Payable $74,000 and Bank Loan $16,230. Remember to calculate the owner’s equity for the owner, Stevie Budd.
The preparation of a Balance Sheet for Rosebud Motel as of July 26, 2022, is as follows:
Rosebud Motel
Balance SheetAs of July 26, 2022
Assets
Current Assets:
Cash $17,000
Office Supplies 2,095
Accounts Receivable 8,215
Total current assets $27,310
Long-term Assets:
Equipment $29,900
Building 141,000 $170,900
Total assets $198,210
Liabilities
Current Liabilities:
Elmdale Cleaning Ltd. $4,600
Staple Supply Co. 1,150
Total current liabilites $5,750
Long-term Liabilities:
Mortgage Payable $74,000
Bank Loan 16,230 90,230
Total liabilities $95,980
Owner's Equity $102,230 ($198,210 - $95,980
Total liabilities and equity $198,210
What is the balance sheet?The balance sheet is a financial statement that shows the financial position of an entity.
The balance sheet shows that the assets are equal to liabilities and equity.
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The relationship between an employer and an employee can be thought of in terms of a(n) __________, a description of what an employee expects to contribute in an employment relationship and what the employer will provide the employee in exchange for those contributions.
The answer is psychological contract.
A broken psychological contract may occur when an employee believes that working extra would be naturally rewarded. This, however, may not be business policy. If the person is salaried, they may not be compensated for the extra hours worked.
Daily acts and remarks made in the workplace, as well as how they are interpreted by all parties involved, have an impact on the contract.
`
In other words, it is a promise developed via regular workplace encounters in which the organization learns what is expected of each employee.
Psychological contracts evolve and adapt to the organizational working culture over time. However, they are generally difficult to change and can differ across individual party members and whole organizations.
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in the real world (that is, if we relax the assumptions of the modigliani and miller's proposition I), optimal capital structure is
In the real world, the optimal capital structure is 100% debt.
A company's optimal capital structure is the optimal combination of debt and equity financing that maximizes the company's market value while minimizing its cost of capital. In theory, debt financing has the lowest cost of capital as it is tax deductible. However, excess debt increases shareholders' financial risk and the return on equity they require. Firms, therefore, need to find the sweet spot where the marginal utility of debt equals the marginal cost.
According to economists Franco Modigliani and Merton Miller, in an efficient market free of taxes, bankruptcy costs, agency costs, and information asymmetries, a company's value is unaffected by its capital structure.
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Generally speaking, a differentiator chooses to divide its market into Group of answer choices None of these choices. as few segments as possible. niches and segments in which customers will pay premium prices. two or three major segments. one generic market.
Generally speaking, a differentiator chooses to divide its market into niches and segments in which customers will pay premium prices.
What is Differentiation Strategy?Your differentiation strategy is the way in which you make your firm stand out from otherwise similar competitors in the marketplace. Usually, it involves highlighting a meaningful difference between you and your competitors. And that difference must be valued by your potential clients. A strong differentiator will provide a competitive advantage for your firm.
This is why many firms choose to compete with a focused strategy. In a focused strategy you narrow your appeal to a niche audience.
For example, an accounting firm that works exclusively with chain restaurants has a very compelling differentiator to that niche market segment. However, a different audience segment, such as automobile dealers, would find no value in working with the restaurant specialists.
Therefore, we can conclude that the correct option is Generally speaking, a differentiator chooses to divide its market into niches and segments in which customers will pay premium prices.
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After months of thinking about the new laptop she heard about from a friend, anna finally decides it’s time to buy it. In what stage of the customer journey is anna?
The stage of the customer journey of Anna is the Purchase phase.
Awareness: the customer becomes familiar with the brand via channels, consisting of advertising and word-of-mouth. Consideration: realizing that they have a need that must be met, the customer actively considers whether or not to buy the product or service on offer. Purchase: the customer makes the purchase.
Customer's journey. is defined as the active research process someone goes through leading up to a purchase. It is called a journey because each one of your prospective customers will be at different points in their journey towards a purchase.
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Which 2 are quickstart templates provided in the work area for proadvisors to use when setting up a new project?
Monthly Bookkeeping & Bi-weekly Payroll are quickstart templates provided in the work area for pro-advisors to use when setting up a new project
This is further explained below.
What is Monthly Bookkeeping?Generally, You may guarantee that their paycheck is always where you want and anticipate it to be by monitoring their books on a monthly basis. You may steer clear of problems in which workers are paid an inaccurate amount or in which you do not deduct an adequate amount of taxes from their paychecks. Ongoing checks of your payroll will ensure that you are compliant and will keep your staff satisfied.
In conclusion, Quickstart templates, such as Monthly Bookkeeping and Bi-weekly Payroll, are made available in the work area for pro-advisors to utilize while they are establishing a new project.
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Which of the following are ways in which most neo-Freudian theorists differ from Freud, according to the text
Ways that Neo-Freudian theorists differ from Freud include:
B) Sex is emphasized less by neo-Freudians.C) Conscious processes are emphasized more by neo-Freudians.D) They emphasize interpersonal relationships as the source of psychological healthHow do Neo-Freudian theorists differ from Freud?Even though they support a lot of Freud's theories, Neo-Freudian theorists often disagree with some of the former's assertions.
They for instance, do not place as much emphasis on sex and try to focus on interpersonal relationships being a source of psychological health.
Options for this question include:
A) They rely on a more scientific approach than did Freud.B) Sex is emphasized less by neo-Freudians.C) Conscious processes are emphasized more by neo-Freudians.D) They emphasize interpersonal relationships as the source of psychological health.Find out more on Neo-Freudian theorists at https://brainly.com/question/6314134
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When investors give computer instructions to sell automatically to avoid potential losses if their stock price dips to a certain point, it is called
When investors give computer instructions to sell automatically to avoid potential losses if their stock price dips to a certain point, it is called program trading.
What is program trading?Program trading is what create space or time for multiple trades to occur simultaneously.
It is an automated process that gives instructions to computers to sell when price of a stock goes down to prevent loss.
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An example of event risk is: ________.
a.changing seasons.
b.a corporate takeover.
c.inflation.
d.capital growth.
e.a newspaper article about the economy.
One example of the phenomenon known as event risk is b.a corporate takeover.
What is an event risk?An event risk is a type of investment risk that an incident or event will be so notable that it will cause widespread effects on an industry and the economy in general.
One such event is a corporate takeover that leads to a company having stronger market power and influence.
With the world being interconnected these days thanks to globalization tendencies, a corporate takeover would also affects the economies of several nations.
This is because the branches of the companies in order nations might have to make decisions that affect the unemployment rates and productive capacity of their host nation.
For instance, if Coca-Cola and Pepsi decided to merge, this could have far reaching consequences. The risk that this would negatively affect a person's investment is event risk.
In conclusion, this is event risk.
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What type of operation involves methods and operating procedures that are aimed primarily at the reduction of primary and secondary damage incurred during fire suppression activities
Salvage is a type of operation that involves methods and operating procedures that are aimed primarily at the reduction of primary and secondary damage incurred during fire suppression activities.
What is fire suppression activity?
All actions are taken to contain and put out a fire after it has been discovered, including immediate attack, sustained attack, limited action, delayed action, and observation and monitoring.
Any fire can be put out by cooling it down, covering it, starving it, or stopping the combustion process altogether. Cooling with water is one of the most typical ways of putting out a fire.
Salvage covers tasks that must be completed in order to avert both direct and indirect fire damage as well as to lessen the impact of firefighting operations. Losses resulting from water, smoke, and firefighting activities are included.
The purpose of Salvage is to lessen the damage caused by a fire's heat, smoke, water, cold, or whether both during and after the fire.
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A ___________ is a measure that summarizes a particular characteristic of an entire group of numbers.
A statistic is a measure that summarizes a particular characteristic of an entire group of numbers.
Statistics is considered the universal language of the sciences which involves information, numbers, visual graphics in order to summarize information and its interpretation.
Statistics is the science of collecting, interpreting, and describing data. A statistic is any quantity computed from values in a sample which is considered for a statistical purpose.
Statistical measures are a descriptive analysis technique which is used to summaries the characteristics of a data set. This data set represent the whole population or a sample of it.
Hence, a statistic measure summarizes a particular characteristic of an entire group of numbers.
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When a bond sells at a premium, interest expense will be:
What is defined as a commitment to finding and using the best theory and data available at the time to make decisions?
Evidence-based management is defined as a commitment to finding and using the best theory and data available at the time to make decisions.
Evidence-based management is an approach which involves commitment and consciously setting aside the accepted conventions and hierarchy of opinion, and instead, using critical thinking and the best available evidence to make decisions.
An Evidence-based management is important as it reduces errors in judgement, reduces the potential for irrational thinking, bias, or reduces exhaustion which negatively impact management decisions. It is based on evidence, systematic decision-making, and re-evaluating and adapting.
Hence, Evidence-based management uses the best theory and data available at the time to make decisions.
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