4100 CONTRACTUAL CHOICE Scott E. Masten Louis and Myrtle Research Professor of Business and Law‚ University of Michigan Business School © Copyright 1999 Scott E. Masten Abstract This chapter discusses alternative theories of contract choice and design with special emphasis on (i) the interaction between contract design and contract enforcement and (ii) the explanatory power of alternative theories. After discussing the primary functions of contract‚ the entry reviews the assumptions
Premium Contract Contractual term
company has completed ground-breaking projects like producing the world’s largest Floating Production Storage and Offloading vessels. KBR performs numerous projects at any given time‚ and usually contributes to multiple elements of each project. An issue that arises with accounting for multiple deliverable contracts is deciding when and how to recognize revenue. A company must first determine if they should recognize revenue for the contract as a whole unit or as separate units of accounting. Next
Premium Project management Contract Common law
Ratio | Industry benchmark ratio | Woolworths’ ratio | Brief Comment | Current Ratio | 1.2:1 | 0.80:1 | The current ratio ofWoolworth is considerablybelow industry average themovement from it is 33.33% (1.2-0.8)/1.2*100) Which is not really good for business | Liquid ratio | 0.7:1 | 0.34:1 | The Liquid ratio of Woolworth is considerably below industry average. The movement is 51.43 %. It is showed that the business may have problem in paying their debt.(0.7-0.34/0.7*100) | Gross Profit ratio
Premium Accounts receivable Generally Accepted Accounting Principles Financial ratios
1. “What is the life expectancy for Caucasian males that have survived 54 years?” The answer will almost certainly be larger than 72. I want an estimate “conditioned on” the fact that I have already lived 54 years. Life is dynamic. Things are constantly changing. However‚ too often decisions are based on static information. Bayes theorem takes advantage of dynamic information to give a better‚ more correct answer. Bayes Theorem is a mathematical representation that helps one to calculate conditional
Premium Probability theory Random variable
QUESTION 21 The finishing process on new furniture leaves slight blemishes. The table below displays a manager’s probability assessment of the number of blemishes on one piece of new furniture. Number of Blemishes 0 1 2 3 4 5 Probability 0.34 0.25 0.19 0.11 0.07 0.04 1. On average‚ how many blemishes do we expect on one piece of new furniture? 2. What is the variance of blemishes on one piece of new furniture? (round to the nearest hundredth) QUESTION 22 The probability
Premium Normal distribution Standard deviation Arithmetic mean
EMBA Ranking 2012 Rank 2012 3 year average School name Programme name Salary today (US$) Salary increase (%) Career progress rank Work experience rank Aims achieved rank International course experience rank FT.com Business School Rankings - Custom PDF download 1 1 Kellogg / Hong Kong UST Business School Kellogg-HKUST EMBA 465‚774 42 25 2 1 41 2 2 Columbia / London Business School EMBA-Global Americas and Europe 265‚596
Premium
Top of Form Question 1 1 / 1 point Despite its widespread availability‚ ________ typically provide(s) the least depth of news coverage. radio television the Internet newspapers magazines Question 2 1 / 1 point Which group has had great popularity on radio talk shows? conservatives liberals socialists communists racial and ethnic minorities Question 3 1 / 1 point Which of the following statements about newspapers is NOT accurate? Newspapers are no longer the primary
Premium Mass media Newspaper Journalism
WORD CHOICE A writer’s selection of words as determined by a number of factors‚ including meaning (both denotative and connotative)‚ specificity‚ level of diction‚ and tone. "Word choice often determines whether or not you get your message across. Making poor word choices and not writing appropriately for the audience can distract the reader so much that the message you intended to convey is missed." Definition of Slang: An informal nonstandard variety of speech characterized by newly coined
Premium Word Writing Orthography
The Real Truth about MS MS stands for Multiple Sclerosis which is a disease where the immune system eats away at the protective covering of the nerves (myelin sheath) in your body. This disease mostly affects people who are 18-60+ old‚ but can affect 3-17 year old children. Women are twice as likely to get MS than men. Liz‚ my dad’s cousin‚ raised 3 great children with her loving husband by her side when she was diagnosed with MS at the young age of 38. She died 12 years later just after she got
Premium Multiple sclerosis
Christian Bordelon Schools Choice? The school legislators are trying to pass a law states that students with a low GPA will be restricted from getting a driver’s license. This law should not be passed because students have worked hard to get their license‚ and they don’t deserve schools taking that right away. The person that has bad grades might have to work every day after school‚ and that could be a potential reason why their grades are not high. If you take his or her driving privileges away
Premium Driver's license Law Driving