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Aon risk services Inc. (ARS Arkansas) and combined insurance companies are subsidiaries of Aon Corporation. Aon issued an interdependency Memo in February 2000 which was designed to motivate ARS brokerage offices to place insurance business with Aon-affiliated companies through a bonus pool for revenues generated under the plan. Under the terms of the memo. Aon agreed to pay 30% of an annualized premium on all life products over 15-year term plus 15% a 1st year for all the products. John meadows saw the memo in Feb 2000 and believed it would entitle him to this compensation over and above his employment contract.
Meador put combined in touch with Dillard’s Department stores and on March 24, 2000. Dillard’s and combined executed a five-year agreements whereby Dillard’s employees could purchase life, disability, and other insurance policies through workplace enrollment. When meadows did not receive bonus-pool money generated by the transaction he sued his employer for breach of contract, His employer’s defense was that the memo was not sufficiently definite to constitute an offer. Discuss whether there was a contract formed for the bonus compensation systems. Are you able to classify the type of contract?
Milton Friedman's main argument against corporate social responsibility is
Jim’s Burgers produces 600 burgers per week. Each burger sells for $3. Goody Candy orders 500 burgers for its upcoming office party from Jim’s Burgers. Jim decided to accept the order for $1250 lump sum. What would be the marginal revenue p
Drive-through window operations are becoming an increasing source of competitive advantage for the fast-food restaurant business. McBerger’s has performed poorly in this area compared to Mandy’s, the leader in drive-through operations. Using this tec..
Imitability of a resource can occur through:
Within the food service industry? (restaurants that serve meals to? customers, but not just fast? food), find examples of firms that have sustained competitive advantage by competing on the basis of? (1) cost? leadership, (2)? response, and? (3) diff..
In no less than 100 words explain why the following statement is False: SWOT analysis was created to describe the competitive forces in a market economy that help shape an industry.
Pursuant to a destination contract, the risk of loss typically passes to the buyer when the goods are duly delivered to the carrier. Pursuant to a shipment contract, the risk of loss typically passes to the buyer when the seller places conforming goo..
Explain how the functions and roles managers play changes as they progress through an organization from managing themselves, to managing others, and then to managing managers.
Discuss the various parts of the Clinical Prevention and Population Health Curriculum infrastructure. Detail what each part consist of and what influence does each component have on population health?
Operations and production management can affect business strategy. Two strategies that deal with such operational management are Total Quality Management (TQM) and International Standards Organization (ISO) 9000. Explain how TQM and ISO0999 help inte..
What is meant by a pro forma financial statement? How are pro forma financial statements utilized in determining whether a major proposed project for the healthcare organization should be approved or not? Provide at least two examples of healthcare p..
Examine the influence of web-based information on global citizenship and multicultural understanding. Then, compile a list of three factors you believe should be considered when evaluating Internet sources for use in researching information.
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