First country bank serves as trustee for the miller company’s pension plan. miller is the target of a hostile takeover attempt by newton, inc. in attempting to ward off newton, miller’s managers persuade julian wiley, an investment manager at first country bank, to purchase miller common stock in the open market for the employee pension plan. miller’s officials indicate that such action would be favorably received and would probably result in other accounts being placed with the bank. although wiley believes the stock is overvalued and would not ordinarily buy it, he purchases the stock to support miller’s managers, to maintain miller’s good favor toward the bank, and to realize additional new business. the heavy stock purchases cause miller’s market price to rise to such a level that newton retracts its takeover bid.

Alandowner entered into a written agreement with a real estate broker whereby the broker would receive a commission of 10% of the sale price if he procured a "ready, willing, and able buyer" for the landowner's property and if the sale actually proceeded through closing. the broker found a buyer who agreed in writing to buy the property from the landowner for $100,000, the landowner's asking price. the buyer put up $6,000 as a down payment. the agreement between the landowner and the buyer contained a liquidated damages clause providing that, if the buyer defaulted by failing to tender the balance due of $94,000 at the closing date, damages would be 10% of the purchase price. the landowner included that clause because she was counting on using the proceeds of the sale for a business venture that would likely net her at least $10,000. the buyer became seriously ill and defaulted. when he recovered, he demanded that the landowner return his $6,000, and the landowner refused. the broker also demanded the $6,000 from the landowner and was refused. the broker and the buyer filed separate suits against the landowner, with the buyer pleading impossibility of performance. the two cases are consolidated into a single case. how should the court rule as to the disposition of the $6,000?

The following data pertains to activity and costs for two months: june july activity level in 10,000 12,000 direct materials $16,000 $ ? fixed factory rent 12,000 ? manufacturing overhead 10,000 ? total cost $38,000 $42,900 assuming that these activity levels are within the relevant range, the manufacturing overhead for july was: a) $10,000 b) $11,700 c) $19,000 d) $9,300

Emil motycka is considered an entrepreneur because