Questions
Texas A&M decides to invite a high profile band to perform during graduation week at Kyle...

Texas A&M decides to invite a high profile band to perform during graduation week at Kyle stadium since they anticipate a very high demand for entertainment during that time. After carefully considering Rolling Stones and Justin Bieber, the university decides that Rolling Stones are the better choice (no kidding!). The band agrees to perform at the modest price of $500,000 (paid after the concert). As a result of the agreement, the university sells $1,000,000 worth of tickets for the concert. Justin Bieber would have agreed to perform for $100,000, but would have generated only $400,000 in revenue. The university orders $20,000 worth of the band merchandise to give away in the weeks prior to the concert to advertise the event. They also spent $50,000 on an ice statue of the band positioned in front of the Evan's library that does not have any useful purpose besides looking cool. The day of the event, Rolling Stones cancels due to a rough night for the band partying in a local pub. The university is forced to reimburse people for their tickets and spends additional $200,000 to compensate out of town individuals for incidental expenses associated with attending the concert. The university sues the band for breach of contract.

You are hired to represent the university in the lawsuit. You insist that the appropriate damages for the university are expecation damages. What is the amount of the expectation damages to the university?

Given the reputation of the band, the court decides that opportunity cost damages are more appropriate in this case. What is the size of the opportunity cost damages? Assume that the $70,000 expense for the merchandise give away and the ice statue would not have been incurred if the university contracted with Bieber.

Suppose that the university is willing to settle for reliance damages. What is the amount of these damages?

The defense argues that the university's expense on the ice statue was unreasonable. They request the court to reward hypothetical expectation damages. If the court finds their argument convincing, what should be the amount of the hypothetical expectation damages awarded to the university?

In: Economics

Case Study 2 (10 Marks) ‘Sports Zone’ is a leading sports retailer in the United States...

Case Study 2
‘Sports Zone’ is a leading sports retailer in the United States of America. It has a chain of retail outlets which sells sports items and sports-ware across the U.S, Canada, Mexico and Europe. It recently started a retail store in Indonesia and was looking for a right candidate for the post of a retail manager. Many people were interviewed and among them was Ms. Mead, a Master’s Degree holder in Retail Management and with previous experience in similar position. The management was impressed with her performance in the interview and has appointed her as the retail manager for their branch in Indonesia. Ms. Mead has signed an agreement with them and the formalities regarding her joining were completed.
Having joined the company, Ms. Mead identified that the store sells the same product to different customers at different prices. She found the sales people are taking the name of God to convince customers about the quality of goods. Also, the store accepts orders for the goods which are not at their disposal for sale. She then met the General Manager of the company and told him about what is happening at the store. The General Manager told her that, it is happening with the notice of the Top Management and asked her to mind her Job. When she did not accept to what he said, the General Manager started criticizing her for her dressing style and said that, they are the leading sports retailers of the world and their employees need to live up to their brand image. He then said the headscarf she wore as a symbol of modesty in her Muslim faith clashed with the store’s dress code. She then said that she was not told about the dress code during the interview or during the time she signed the employment contract.
Question 2:

i. Discuss any three prohibited matters in business as per Islamic values from the above case.
(3 Marks - Answer in 75 – 100 words)

ii. Do you think the comments of the General Manager about Ms. Mead’s dress code are correct? Discuss the consequences of such comments that business might need to face.
(4 Marks - Answer in 100 - 125 words)

iii. If you were the General Manager of the company, how would you handle the situation?
(3 Marks - Answer in 75 – 100 words)

In: Accounting

With globalization, many business organizations have come to terms that increasingly their employees come from a...

With globalization, many business organizations have come to terms that increasingly their employees come from a range of different religious, national and cultural background. As CEO of a multinational firm operating in Ghana, with knowledge in the concepts and principles of Business Ethics offer an example and explain how you will manage your employees.

In: Finance

Crunch Fitness company started operating in Melbourne in January 2016. The company experienced significant growth and...

Crunch Fitness company started operating in Melbourne in January 2016. The company experienced significant growth and expansion since it had listed on the ASX with only 20 centres. By January 2019 they were running 300 fitness centres across Australia. Their cash flows had grown significantly over the four years of operation. Crunch Fitness company was led by senior management who had aggressive expansion strategy, relying heavily on borrowings from the banks. Moreover, the management focusing on short term targets and not considering long term impacts, encouraged high risk taking. The Board was also ignorant of the risk facing the company. The company went from a positive cash flow of $400 million from its operating activities in its 2018 full year accounts to a deficit of almost $150 million in the second half of 2019. In February 2020, its Board concluded the company had insufficient cash to repay nearly $1 billion of debts to creditors and appointed administrators to take control of the company. Few months later Crunch Fitness ceased its operations.

Discuss the aspects of corporate governance and board mechanisms that could have served to limit the likelihood of Crunch Fitness company failure.

In: Economics

interview with cognitively patient. Need to identify any safety goals. Should i collaborate with HCP and...

interview with cognitively patient. Need to identify any safety goals. Should i collaborate with HCP and family first or montior the patient. Can only pick one

cognitively impaired, uncooperative

In: Nursing

How would you alter your physical appearance to make a good impression at each of the...

How would you alter your physical appearance to make a good impression at each of the following: a job interview, attending a wedding and a child’s birthday party? Explain the differences in your approaches.

In: Psychology

MOST POPULAR : Business Analyst Interview Question: 1.Explain Traceability 2.Explain change Management 3.What is a change...

MOST POPULAR : Business Analyst Interview Question:

1.Explain Traceability

2.Explain change Management

3.What is a change Request

4.How will you handle a change request?

In: Operations Management

You are at a job interview for a senior management position. The interviewer asks you to...

You are at a job interview for a senior management position. The interviewer asks you to explain how you would go about changing the culture of the organization, if hired. What would you suggest?  

In: Operations Management

On September 12, 1962, President John F. Kennedy delivered a speech at Rice University Stadium in...

On September 12, 1962, President John F. Kennedy delivered a speech at Rice University Stadium in Houston, Texas, in which he appealed for support of the National Aeronautics and Space Administration’s program to land humans on the Moon. The following passage is an excerpt from Kennedy’s speech. Read the passage carefully. Compose a thesis statement you might use for an essay analyzing the rhetorical choices Kennedy makes to accomplish his purpose. Then select at least four pieces of evidence from the passage and explain how they support your thesis.

In your response you should do the following:

  • Respond to the prompt with a claim that establishes a line of reasoning.
  • Select and use evidence to develop and support your line of reasoning.
  • Explain the relationship between the evidence and your thesis.

No man can fully grasp how far and how fast we have come, but condense, if you will, the 50,000 years of man’s recorded history in a time span of but a half-century. Stated in these terms, we know very little about the first 40 years, except at the end of them advanced man had learned to use the skins of animals to cover them. Then about 10 years ago, under this standard, man emerged from his caves to construct other kinds of shelter. Only five years ago man learned to write and use a cart with wheels. Christianity began less than two years ago. The printing press came this year, and then less than two months ago, during this whole 50-year span of human history, the steam engine provided a new source of power.

Newton explored the meaning of gravity. Last month electric lights and telephones and automobiles and airplanes became available. Only last week did we develop penicillin and television and nuclear power, and now if America’s new spacecraft succeeds in reaching Venus, we will have literally reached the stars before midnight tonight.

This is a breathtaking pace, and such a pace cannot help but create new ills as it dispels old, new ignorance, new problems, new dangers. Surely the opening vistas of space promise high costs and hardships, as well as high reward.

So it is not surprising that some would have us stay where we are a little longer to rest, to wait. But this city of Houston, this State of Texas, this country of the United States was not built by those who waited and rested and wished to look behind them. This country was conquered by those who moved forward—and so will space.

William Bradford, speaking in 1630 of the founding of the Plymouth Bay Colony, said that all great and honorable actions are accompanied with great difficulties, and both must be enterprised and overcome with answerable courage.

If this capsule history of our progress teaches us anything, it is that man, in his quest for knowledge and progress, is determined and cannot be deterred. The exploration of space will go ahead, whether we join in it or not, and it is one of the great adventures of all time, and no nation which expects to be the leader of other nations can expect to stay behind in the race for space.

Those who came before us made certain that this country rode the first waves of the industrial revolutions, the first waves of modern invention, and the first wave of nuclear power, and this generation does not intend to founder in the backwash of the coming age of space. We mean to be a part of it—we mean to lead it. For the eyes of the world now look into space, to the moon and to the planets beyond, and we have vowed that we shall not see it governed by a hostile flag of conquest, but by a banner of freedom and peace. We have vowed that we shall not see space filled with weapons of mass destruction, but with instruments of knowledge and understanding.

Yet the vows of this Nation can only be fulfilled if we in this Nation are first, and, therefore, we intend to be first. In short, our leadership in science and in industry, our hopes for peace and security, our obligations to ourselves as well as others, all require us to make this effort, to solve these mysteries, to solve them for the good of all men, and to become the world’s leading space-faring nation.

We set sail on this new sea because there is new knowledge to be gained, and new rights to be won, and they must be won and used for the progress of all people. For space science, like nuclear science and all technology, has no conscience of its own. Whether it will become a force for good or ill depends on man, and only if the United States occupies a position of pre-eminence can we help decide whether this new ocean will be a sea of peace or a new terrifying theater of war. I do not say the we should or will go unprotected against the hostile misuse of space any more than we go unprotected against the hostile use of land or sea, but I do say that space can be explored and mastered without feeding the fires of war, without repeating the mistakes that man has made in extending his writ around this globe of ours.

In: Civil Engineering

The number of students who belong to the dance company at each of several randomly selected...

The number of students who belong to the dance company at each of several randomly selected small universities is shown below. Round sample statistics and final answers to at least one decimal place.

28 22 21 22 35 35 40 30 40 27 40 32 30 30 29 26 29

Estimate the true population mean size of a university dance company with 98% confidence. Assume the variable is normally distributed.

In: Statistics and Probability