Richard, an impoverished university student, and his millionaire father enter into an

arrangement where Richard agrees that he will keep the front- and backyards of the

family property mowed, and he will 'do bit' to keep the gardens looking tidy. In return,

his father agrees to pay him a weekly allowance of $200. His father had previously used a

garden contractor to do the job and paid him $350. They live on a one-hectare property,

and the mowing alone takes half a day a week. After four weeks, Richard's father tells him

that he can't afford to pay $200 a week. He says that Richard should be doing the work

for nothing, as it is the responsibility of the whole family to look after the property;

besides, he says, Richard is getting free board and lodging. Advise Richard.

3. Jenny received a circular from Beauty and the Beast Hair Salon advertising massages and

manicures for $10. Realising that this was an exceptionally good deal, but not surprised

because she knew that they had only just opened and were running a number of good

opening specials, she rang and made a booking. When Jenny arrived at the salon she was

told that there had been a mistake on the circular and it should have said $100. The

manager of the salon explained that this was still a good price because normally a

massage and manicure would have cost $150. Jenny was furious, as it had taken her 30

minutes to get to the shop by car and if she had known it would cost $100, she would

never have made the booking. Advise Jenny. Would your advice have been any different if

Jenny had the massage and manicure before being told that the cost was $100? Would

she have to pay the full price?

4. Bruce, while he was so drunk that he didn't know what he was doing, bid successfully at

an auction for the purchase of a house. It was clear to the auctioneer that Bruce didn't

know what he was doing. However, after Bruce sobered up he confirmed the contract

with the auctioneer. He then subsequently refused to complete the contract. Is Bruce be bound your assignment

1. When determining financing needs, what factor should businesses consider that will help decide whether they can repay the debt?

2. Ethan is developing common-size financial statements so that he can compare financial performance across several different companies. Ethan is conducting __________ analysis.

3. Jana noticed a problem while reviewing her company's monthly income statement. She verified that the total revenue was $4,590 and the total expenses were $1,452. However, the income statement showed a net income total of $1,383. What is the correct net income:

4. Why do interviewers usually focus on asking questions that are related to a job applicant's performance?

5. If employees are fired because their conduct is in serious violation of company policies, they are being terminated for cause. ( True / False )

6. Why is it often necessary to provide employees with additional training?

7. Motives, perception, attitude, lifestyle, personality, and abilities are __________ factors influencing consumer behavior.

8. What type of software do many businesses require be installed on computer systems as a security feature?

9. The FPD Company keeps copies of its brochures, catalogs, and flyers on file for future reference. This is an example of a company that is maintaining __________ records.

10. James needs to hire a bookkeeper for his growing business. To determine the new employee's salary, James obtained pay data from five companies in his industry that are similar in size. The research indicated the following: Company A pays $31,205; Company B pays $29,995; Company C pays $34,800; Company D pays $42,500; and Company E pays $36,500. James decided to set his bookkeeper's salary at $35,000. What measure of central tendency did James use to set his new employee's salary?