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Eugene's dream is to open his own restaurant. The only problem is he does not have the financial backing for this endeavor. He repeatedly tries to get a loan from a bank or other commercial lender, but he's denied each time. Desperate for the funds, Eugene gets the contact information for a loan shark and decides to enter into a private loan agreement. The only catch is that Eugene will have to pay an interest rate of 20%, which is double the maximum allowed interest rate in his state. Although Eugene has some reservations about entering into the agreement, he accepts anyway.
1. The situation in the case study above is an example of what type of generally illegal agreement? Explain why this type of agreement is generally illegal.
2. What would happen if this agreement actually occurred? In other words, how do states treat this type of illegal agreements once they are formed?
3. Suppose that a court determined that both parties were at fault for this illegal agreement. What would the effect of the illegal agreement be? In other words, what would happen to the agreement if both parties are at fault?
what is the total of carrying and ordering costs?
globalization was welcomed around the world at the beginning of the 1990s. different trade theories were used to
What is the average time that a customer has to wait to receive the Sundown DVD after the request? Recall it takes 1 day for a shipped DVD to arrive at a customer address
Discuss the various musical idioms (jazz, ragtime, and vaudeville, so forth) that fed into the growth of the American musical theatre.
When we combine the most important features of Lean with the best features of Six Sigma we have Lean Six Sigma. Which of the following is heavily addressed by supply chain management? If there are 10 processes that might be improved, the processes th..
Discuss and compare the specialized and statistical functions in Excel.
Which of the following is one of the primary competitive forces in Porter's model for industry analysis? The strategic-management process requires. The lower the barriers to entry in an industry, the more attractive that industry is.
Have you ever been involved in a lease-or-buy decision at work? In your personal life? Please describe this situation and be sure to include the following information: What factors went into making the decision to lease or to buy? Was the decision ma..
Describe a time when the scope changed significantly for a project in which you were involved. What other aspects of the project were affected by scope changes?
The person in craft union who may be the first person on job or most senior employee and handles employee grievances as well as contacting the business agent
Great points and examples how organizations have varying approaches to how decisions get made! Some organizations have a very systematic approach to making decisions, while others are a bit haphazard.
Which of the following generic strategies is the most difficult to implement and why?
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