How are the option and the land contract different?
a. irrevocability
b. mutuality of contract
c. lack of mutuality of obligation
d. none of the above
Answer: c. lack of mutuality of obligation
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A snack food producer runs four different plants that supply product to four different regional distribution centers
The division operations manager is focused on one product, so he creates a table showing each plant's monthly capacity and each distribution center's monthly demand (both amounts in cases) for the product. The division manager supplements this table with the cost data to ship one case from each plant to each distribution center. Formulate an objective function and constraints that will solve this problem using linear programming. Center 1 Center 2 Center 3 Center 4 Monthly Capacity Plant A $2 $7 $5 $4 8000 Plant B $9 $4 $7 $6 12000 Plant C $7 $6 $4 $3 7500 Plant D $4 $8 $3 $5 5000 Monthly Demand 9000 8500 8000 7000