Pay for parking in convenient adjacent garage in advance

Assignment Help Operation Management

Reference no: EM132221798

1. Peter Drucker and Albert Carr have similar views on ethics in business.

1) True

2) False

2. The city advertised in banners at the airport, “Pay for your parking in the convenient adjacent garage in advance and get a 40% discount.” The rate per day is $25 for 24 hours. If you pay at the exit gate, you are charged $2.00 per hour, but charged the daily rate once you go over 12 hours. If you sign up for prepaid parking, you are charged for each day your car is in the garage; there is no hourly prorate. For example, if you parked in the garage from April 18 beginning at 8 PM until April 20 at 1:00 AM, you would be charged $35 at the gate. If you prepaid, you would be charged $45 (3 X $25 X .60). Many travelers signed up and paid for their parking in advance, believing it was cheaper. Unless they were aware of the hourly rate available at the parking exit, they would not understand the pricing differential. Which of the following categories applies to this situation?

1) Giving or allowing false impression

2) Conflict of interest

3) Both a and c

4) All of the above

5) Taking unfair advantage

3. A contract that cannot, by its own terms, be preformed within one year from the day after the contract is formed does not need to be in writing to be enforceable under the Statute of Frauds? True or False?

Reference no: EM132221798

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