Ram has just sold his share in a company and decided to buy a new car for his wife. On 15 April 2019, Ram appointed Gan as his agent to buy a car at the price not exceeding RM 75,000. The next day, Gan went to see Song, a car dealer and booked a car at the price of RM 85,000 and paid the deposit of RM 8,500. Gan told Song that the car was meant for Ram’s personal use. Song gave Gan RM 500 as a commission for booking the car with him. One month after the booking date, Song sent the car to Ram and claimed for the balance purchase price of the car. Ram told Song that he has never authorized Gan to purchase the car at that price and refused to accept the car. Advise Ram with regards to his rights as a principal.

If a company’s employees are angry about their work, a visiting auditor may also become agitated, illustrating the power of

Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.

It is estimated that over 100,000 students will apply to the top 30 m.b.a. programs in the united states this year. a. using the concept of net present value and opportunity cost, when is it rational for an individual to pursue an m.b.a. degree. b. what would you expect to happen to the number of applicants if the starting salaries of managers with m.b.a. degrees remained constant but salaries of managers without such degrees decreased by 20 percent