Category: Economics (Page 1 of 50)

Law Quiz

Credit : iata.org
  1. Which statement is correct?
    1. Any nonperformance when performance is due is a breach.
    1. A party has not breached if he has substantially performed.
  2. If a court determines that a party has substantially performed, then the other party
    1. has the right to terminate the contract.
    1. has the right to suspend performance.
    1. has no rights.
    1. may seek damages for any loss caused by the breach.
  3. If enforced by the court, what is the typical effect of a “time is of the essence” clause?
    1. A partially breaching party who is late in performing is given time to cure the breach.
    1. The clause negates the right of the breaching party to cure if he is late in performance
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Barney’s Beachfront Property

Credit: medium.com

In preparation for the hurricane season, Barney, who owns beachfront property in Florida, enters into a contract with XYZ Contractors to have a wall built to prevent waves from reaching his house. The contract requires that the wall be finished by June 1, which is the start of the hurricane season. The contract has a clause that states “time is of the essence.” During the last week of May, the wall is still 30% incomplete. Even if XYZ Contractors worked around the clock, it would miss the June 1 deadline—a fact that XYZ acknowledges. Barney terminates the contract and hires another contractor to finish the wall.

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A Formal Business Letter to a Production & Printing Company

Writing Formal Business Letters and Emails
Credit: lynda.com

You are a branding company that wants to sign a one year contract with a production and printing company. The branding company would like the production company to print bags, stickers, boxes, wrapping papers, t-shirts, cups, books, posters and other objects for the branding company as well as the clients under the branding company. Write a formal letter making this request. Make sure to put sizes for the bags and stickers  (small, medium, large, square or circle stickers etc. or include sizes in cm, inches or meter for one of the objects).

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Business Decision Making

Credit: istockphoto.com

Question 1

Tolkien Transport is currently based in Leeds but has plans to expand its operations by setting up another depot in the south of England. The management team has identified four possible locations for the depot and these are listed in the decision matrix below. As a first step they have decided to use a multi-criteria analysis (MCA) to rank the options. After much discussion, the team have decided on three key criteria (Cost, Accessibility and Environmental Impact) against which to judge the options and have agreed on the ratings shown in the matrix, below (running from 4 for the best to 1 for worst under each criterion). The criteria have been weighted as follows: Cost (0.45), Accessibility (0.35) and Environmental Impact (0.2).

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Israeli Intelligence Capabilities

Credit: tasnimnews.com

Based on the course readings and websites, categorize Israel’s ability to collect intelligence in each of the five disciplines (OSINT, GEOINT, HUMINT, MASINT, SIGINT, and cyber) against hostile nations or organizations as either (1) highly capable; (2) capable; or (3) marginally capable. Be sure your response clearly identifies the specific organization, bureau, or responsible for performing the associated collection.  

Power Balance Between USA & China

Credit: industryweek.com

Are the US and China heading towards another Cold War? Or not? Will these two nations remain interdependent, or not? What is your informed opinion? how can we best stabilize the world? With a single hegemonic (dominant) superpower? With multilateral institutions (EU, UN, WTO, etc.)? Or with a “balance of power” between superpowers like we had in the Cold War — between the US and Soviet Union (1947-1991)?

Principles of Social Psychology

Credit: payhip.com

Demonstrate your understanding of specific principles of social psychology and symbolic interaction by analyzing the Jane Elliot video clip, and describing in a few sentences (each) how the clip illustrates the following concepts: Social Status, Roles, In-Groups and Out-Groups and Social Institutions. Provide a brief definition of each of these concepts, followed by a specific example from the video clip.

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