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Citynet, LLC, established an employee incentive plan “to enable the Company to attract and retain experienced individuals.” The plan provided that a participant who left Citynet’s employment was entitled to “cash out” his or her entire vested balance. (When an employee’s rights to a particular benefit become vested, they belong to that employee and cannot be taken away. The vested balance refers to the part of an account that goes with the employee if he or she leaves the company.) When Citynet employee Ray Toney terminated his employment, he asked to redeem his vested balance, which amounted to $87,000.48. Citynet refused, citing a provision of the plan that limited redemptions to no more than 20 percent annually. Toney filed a suit in a West Virginia state court against Citynet, alleging breach of contract. Citynet argued that the plan was not a contract but a discretionary bonus over which Citynet had sole discretion. Was the plan a contract? If so, what was the consideration?
Suppose an initial investment of $100 will return $50/year for three years (assume the $50 is received each year at the end of the year). Is this a profitable investment if the discount rate is 20%?
A purchasing manager is determining the quantity of items to purchase of a product family for the upcoming summer season. There are 4 demand scenarios: 100k, 150k, 200k, or 250k units. The options are to purchase at the same 4 levels of demand. Prepa..
If you look at a manufacturing environment which has a product or group of products how is it produced? What is the process; describe in detail? A1) How many steps in the process, A2) what takes place in each step of the process. The key to process a..
Discuss the importance of activity resource estimating.
Assume that an individual can either invest all of his resources in one of the two securities, A or B; or, alternatively, he can diversify his investment between the two. Calculate each security's expected return, variance and standard deviation. Cal..
Describe in detail the appropriate relationship between authority and responsibility in the processes of assignment and delegation. Concerning authority and responsibility
What is scheduling and why is sequencing very important in developing schedules? What is available to assist you in developing Gantt, Milestone and Network Schedule? Explain what a network schedule critical path is and why must an operational manager..
How do you describe the different phases for product development and the reason why you think these phases are appropriate to the product being developed?
The hypothetical company, HPC Corporation, is having financial trouble. If the dissolution was involuntary, who would be in charge of the liquidation?
What are the major issues facing organizations and managers.
Refer to the standard normal table for z-values. What is the reorder point?
After Elizabeth received her bachelor's degree, she received no job offers. So she began working toward a master's degree in Human Resources Management.
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