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- What is the time period of performance that requires contracts to be in writing? оо a. If a contract cannot be performed within one month, it is unenforceable unless it is in writing. b. If a contract cannot be performed within six months, it is unenforceable unless it is in writing. C. If a contract cannot be performed within one year, it is unenforceable unless it is in writing. d. If a contract cannot be performed within two years, it is unenforceable unless it is in writing.Why do businesses prefer express contracts to implied contracts? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Do not provide Excel Screet shot rather use tool table Answer completely.Which of the following is a disadvantage acquiring inputs by using a contract? a Since a contract can specify input prices before making specialized investments, it reduces potential future opportunism. Ob. Contracts are only effective when the likelihood of all consequences that might affect the ability and costs of the fulfilling the contract are NOT well-determined for one or both parties. OC Contracts reduce the incentive for buyers and sellers to skimp on specialized investments. Contracts require legal fees and negotiation expenses to be paid up-front. d. O e. Contracts are only cost effective when the details of a transactions cannot be classified, quantified, and standardized.
- In negotiation, having your first offer immediately accepted by the counterparty is likely to lead to feelings of what might have gone differently. Having your first offer immediately accepted can also lead to: O improved preparation O changing your BATNA the overconfidence effect O hindsight biasWhich of the following statements about unbalanced bids is correct? O An owner may reject a heavily unbalanced bid as an irregular bid Owners may sometimes accept a small amount of front-end unbalancing so a contractor can finance the early stages of a project Unbalancing a bid to take advantage of an owner's error is unethical Unbalanced bids are not a problem - the owner pays the same as with a balanced bidWhich of the following contracts has the MOST risk for the buyer?A. Cost plus percentage of costs (CPPC)B. Cost plus fixed fee (CPFF)C. Time and Materials (T&M)D. Fixed price (FP) You are managing a software project. During a walk through of newlyimplemented functionality, your team shows you a new feature that theyhave added to help make the work flow in the product easier for your client.The client didn’t ask for the feature, but it does look like it will make theproduct easier to use. The team developed it on their own time because theywanted to make the client happy. You know this change would never havemade it through change control. What is this an example of?A. Gold platingB. Scope creepC. Alternatives AnalysisD. Schedule Variance
- Ameer is offered with a costly gift by one of his client, he is not sure about the ethical consequences of accepting a costly gift from his client. In your opinion which of the following step he has to perform in order to solve the problem? a. Reject the offer without Checking the company policies b. Accept the offer without checking the company policies c. Review relevant ethical guidelines of the company d. Accept the offer and give it to the companyMc CHIW Contracts: Offers Yeah, in a unilateral contract situation, you'd have to give Steph a reasonable amount of time to finish so she can accept the offer. Julia And it seems like Steph is almost finished! This is one of the exceptions to the general rule that Rik you can get out of an offer after it has been accepted. you can revoke an offer anytime before acceptance. SubmitAn executed contract is a contract that has been written by an executive. Group of answer choices True False
- Ms.Abeer is offered an expensive gift by one of her client, she is not sure about the ethical consequences of accepting an expensive gift from her client. In your opinion which of the following step she has to perform in order to solve the problem? O a. Reject the offer without checking the company policies O b. Review relevant ethical guidelines of the company O c. Accept the offer without checking the company policies O d. Accept the offer and give it to the companyCreate a Bid Response Proposal that provides security solutions. The organization has 75 employees and is inundated with security issues. Employees use laptops and smartphones that have remote access to office systems. Your Bid Response needs to be ready-to-implement security solutionsa) List the five requirements for contract formation and give a short (approximately 1–2 sentences) description of each requirement.b) Choose one of the requirements from your answer to (a). Write a short (approxi- mately 5–10 sentences) example of a contract that does not satisfy this requirement and explain why.