If a contractor is producing missiles for the navy, and the contractor fails to deliver them on time, the navy has the right to: [contrast the difference between termination for convenience, termination for default, and termination for cause.]

a. terminate the contract for default
b. terminate the contract for convenience
c. terminate the contract for cause
d. all of the answers are correct

You are in the market for a new refrigerator for your company’s lounge, and you have narrowed the search down to two models. the energy efficient model sells for $700 and will save you $45 at the end of each of the next five years in electricity costs. the standard model has features similar to the energy efficient model but provides no future saving in electricity costs. it is priced at only $500. assuming your opportunity cost of funds is 6 percent, which refrigerator should you purchase