Larsen wants to spend his time trying to increase profits for Wengart Aircraft. His yearly bonus is totally based on the profits. Since he spending his energy in other places instead of investing his time in implementing TQM but Larsen thinks he is not needed to lead the team. Larsen should spend more time making sure the company’s customers are happy with the quality and the profits will come. 2.
Legal and Contractual Issues: SEC is guilty of legal and contractual issues in regards to the Orion Shield Project. It is evident that SEC failed to meet contractual obligations. There were no weekly briefing meetings that included updates and progress of the project to the customer. No one on the team felt it was important to address the customers concerns either by phone of email.
Emails are not a signed agreement. Even though both parties had all intent of an agreement, nothing was ever inked in to make the deal official. The agreement was not legally binding in any way. 4. What role does the statute of frauds play in this contract?
Cost per available seat of E190 was 34% less than a typical regional jet. Breakeven point was much lower on the E190 than the A320. Rare- JetBlue was the launch customer for the E190 and Embraer had limited capacity to produce it in one year, so not many airlines had E190 until now. Inimitable- JetBlue played significant role in the design of the E190, allowing them to customize the plane to their specifications Not Substitutable- Elasticity of substitutions of the E190 varies on the consumer preferences. Exploitable- JetBlue could design the interior of the aircraft to improve passenger comfort and use E190 as an useful tool to expand market and attract new customers.
Chapter 15 1. Odessa cannot enforce this promise. There was no consideration for the promise. Consideration is promise or performance that the promisor demands as the price of the promise. Sarah does not official records and she is not bound to pay the money to Odessa.
Submitted by: Patrick R. Hariramani Question # 1 1. First before an expense or any entry should be recognized it must be feasible to estimate at least the minimum amount of gain or loss. In this problem there can be no estimate given because it may win or lose. So no amount is recorded and there was no expense yet incurred. The best way to record the suit is by disclosing in a note to the financial statements.
Myriad’s process claims got even less respect. In just a few pages, out of 156 in total, the court concluded that they all failed the Federal Circuit’s “machine or transformation” test for method claims. (This test comes from the recent Bilski case. Although the Supreme Court will soon issue its own opinion in Bilski, the machine or transformation test is the law unless and until the Supremes order otherwise.) Judge Sweet found that none of the methods were tied to any particular machine, nor did they bring about a tangible transformation of anything.
has no influence over either the sword or the purse; no direction either of the strength or of the wealth of society . . . It may truly be said to have neither FORCE nor WILL, but merely judgment; and must ultimately depend upon the aid of the executive arm even for the efficacy of its judgments .” After reading what Alexander Hamilton wrote in Federalist no. 78, I agree with what he wrote but I can’t fully agree.
The FAA’s role is to make certain the pilot’s have completed the required training before the license is issued (Sacchetti, 2010). It appears that the two sides of government agencies have their own responsibilities, but yet are not effective in the completion of the task of ensuring the safety of the United
When Tom puts on the Ring, nothing happens. My first thought about this was that Tom is too powerless for the Ring to work. However that turned out not to be the case since Tom was described as the “master of wood, water and hill”. Later, the book mentions that Tom “is his own master. But he cannot alter the Ring itself, nor break its powers over others.” The importance is in the fact that no human or object has any power over those who are their own masters.