Kelvin volunteers with the charity Help for Asylum-seekers and Refugees Initiative (HARI). HARI is a company limited by guarantee and is managed by a Board of Directors (BOD). Wendy is a volunteer director. As a volunteer director, Wendy spends most of her time deep in spreadsheets, explaining financial matters to her BOD colleagues. Apart from discharging her duties as director, Wendy also provides legal advice and services, usually pro bono, to HARI. 53. HARI receives funding from the Commonwealth government and also raises funds from the public for its refugee and asylum-seeker assistance programs. Bodies such as HARI are regulated by the Charitable Organisations Commission Australia (COCA), a statutory authority established to oversee organisations that engage in charity work. 54. COCA comes under the purview of the Ministry for the Homeland. The BOD provides an annual report to COCA on how HARI utilises the funds that it receives from the Commonwealth government for its programs. 55. The Homeland Minister, Chris Potter (Chris) is a hard-liner against refugees and asylum-seekers from certain countries. As the majority of refugees and asylum-seekers whom HARI assists are from those countries, Chris attempts to influence HARI to re-direct its programs to assist migrants from other countries of his preference. 56. Chris tries to bring pressure to bear on HARI by directing COCA to demand access to all of HARI's financial records regarding its programs, including programs funded by public donations. 57. The BOD seeks Wendy's advice on whether it is obliged to provide COCA access to HARI's financial records. The BOD offers to pay Wendy for her service, but she declines the offer of payment. However, to assist her in formulating her advice, Wendy requests the BOD to commission a confidential expert report from a reputable audit firm regarding HARI's financial records. 58. The BOD had previously engaged the audit firm of Cooper, Vince & Deepak (COVIDE) to conduct and audit and provide recommendations on improving HARI's financial governance procedures and risk management strategies. Subsequently, the BOD contacts COVIDE to ask them to also provide the confidential financial records that Wendy requests in their report. In accordance with the BOD's instructions, COVIDE delivers its completed report to the BOD, sends one copy directly to Thomas & Associates Lawyers and provides another copy to HARI's Financial Controller. Having received COVIDE's report, Wendy formulates her advice in writing and tables it at a BOD meeting.

Suppose the BOD declines to provide COCA access to HARI's financial records. Subsequently COCA learns that the BOD had commissioned the COVIDE Report and sought advice from Wendy, and demands copies of these 2 documents.

Question 29 (1 point) Universal Widget Systems (UWS) offers to sell 1000 widgets to Robotics, Inc. The market price for widgets is $12 - $15 per widget. The person preparing the written offer mistakenly omits a digit in the price so that the price of $13,500 appears as $1,350. Robotics, Inc. accepts the offer and UWS resists enforcement of the contract on the basis of mistake. The most likely result is: O UWS wine because the lower price will cause it to lose money on the contract. O UWS wine because there is a mutual mistake as to the value of the widgets. O Robotics, Inc. wins because unilateral mistakes do not allow relief from contractual obligations. UWS wins because Robotics, Inc. cannot take advantage of an obvious clerical mistake or gross mathematical error, even if the mistake is unilateral. SaveQuestion 30 (1 point) Dakota Manufacturing has a contract with Big Box Stores to furnish 10,000 widgets no later than April 15. It takes 14 days to make the widgets. When Dakota's widget 12 of 13 stamping machine breaks on March 20, it orders a new one from Widget Equipment, Inc. (WED) at a cost of $5500. Dakota tells WEI that it must have the new machine by April 1 or it will lose $10,000 for failure to perform its contract with Big Box. WEI does not deliver the widget stamping machine until April 5 and Dakota is unable to fulfill its contract with Big Box. Dakota can recover from WEI: O $5500 in compensatory damages. O $10,000 in consequential damages. O both A and B. 0 50. Save" nocobb. blackboard.com Home - Northem Elites Community College - Luminis Platform 60 QUESTION Take Test: Micro Chipter i Questions - Spring 2014.. 1. A Cul In Spearmint Spending, A Oncronus In Ine. The school of economic thought which argues that through tax reductions, and doregulation, goverment cechon the proper Incentives for the private sector to increase aggregate supply is known as the national expectations school supply-side school. O new classical school. QUESTION S points Savo Anmerge The marginal propensity to consume movumes the ratio of the: O merge amount of our income that we spend O average amount of our savings that we spend. () change in consumer spending to a change in money holdings. O) change in consumer spending to a change in interest rates. O change in consumer spending to a change in income. QUESTION 9 1 points Save Answer The marginal propensity to save is O the change in suning divided by the change in income. @ the change in income divided by the change in saving O uning divided by income. O) came divided by saving saving divided by oowumption. I points Sauce Answer QUESTION 10 The Loffer curve is a graph of the relationship between tax rates and: total the moveruns O poremant spending "Neck Save and Submit to wive and submit. CNick Save All Anmeers to save all answers, Save A Arwen Save and Submit MacBook Air22) These are powers given explicitly to the national government and listed in the Constitution: a. delegated b. necessary c. implied d. reserved e. none of the aboveD Question 44 1 pts According to the Keynesian-cross analysis, when there is a shift upward in the government-purchases schedule by an amount AG and the planned expenditure schedule by an equal amount, then equilibrium income rises by: The change in government spending multiplied by the quantity one plus the marginal propensity to consume. The change in government spending divided by the quantity one minus the marginal propensity to consume. @) The change in government spending. one unit