Saturday Auction.Barry,an auctioneer,was holding an auction on a Saturday morning.At the beginning of the auction,Barry announced that the auction was being held without reserve.Helen,Mary,and Chris were all in attendance.Helen saw an old cash register with a stuck drawer that she thought would look great in her den.The auctioneer put the cash register up for sale,noting that the drawer was stuck and that no one really knew what was inside.Helen bought it for $20.At the same auction,Mary saw a great deal on a used table.She bid $20 on it.No one else bid anything.Barry announced that $20 was clearly insufficient for the table,that it was worth much more than that,and that he was taking it out of the auction.Chris started bidding on a diamond ring for his girlfriend.He bid $2,000.Just as Barry was getting ready to say "Sold," Chris looked over at his girlfriend,decided that he was not sure about marriage,and leaped up yelling,"I revoke." Barry,however,immediately yelled "Sold." When she got it home and broke into it,Helen discovered that the cash register actually contained $5,000.Unfortunately,Helen had a teenage son named Tad who started bragging to his friends about the family's good fortune.Barry heard about what had happened and sued Helen for return of the $5,000.Mary sues Barry attempting to obtain possession of the table.Barry sues Chris attempting to enforce a contract for the sale of the engagement ring.What is the likely result in the lawsuit brought by Mary against Barry for the table?

A) Barry will win because Mary was simply making an offer that he was free to decline.
B) Barry will win because the price was clearly insufficient for the table.
C) Barry will win because no acceptance occurred.
D) Mary will win because the auction was without reserve and Barry had agreed to accept the highest bid.
E) Barry will win because he did not inform attendees in writing that the auction was without reserve.

What is evidence-based management?

A) The use of evidence based on management experience
B) Making decisions through the conscientious, explicit, and judicious use of the best available evidence from multiple sources
C) Making decisions through the conscientious, explicit, and judicious use of the best available evidence from employee surveys
D) Management decision making based on management practice
E) The use of evidence based on management practice

Satisficing is a concept that is most associated with

A) identifying a problem.
B) searching for information.
C) choosing a solution.
D) implementing a solution.
E) monitoring a solution.

As a prank,Amanda rigs a bucket of water over Leslie's front door so that Leslie will be soaked when she opens the door to go to work on Monday morning.Can Leslie successfully sue Amanda for the prank?

On February 12, Addison, Inc. purchased 6,000 shares of Lucas Company at $22 per share plus a $240 brokerage fee. On August 22, Lucas paid a $0.42 dividend per share. On November 10, 4,000 shares of Lucas stock were sold for $28 per share less a $160 brokerage fee. The journal entry to record the purchase under the fair value method would include a

A) debit to Investments for $132,000
B) credit to Cash for $132,000
C) debit to Investments for $132,240
D) credit to Investments for $240

Many defined benefit pension plans have a target rate of return on investment that is equal to the ________.

A) firm's return on equity
B) plan's assumed actuarial rate of return
C) economic inflation rate because wages often increase with inflation
D) estimated stock market return