Mary Is a Nerdy Bookworm Couch Potato Who Rarely Goes

question 39

Essay

Mary is a nerdy bookworm couch potato who rarely goes out of her home except to go to work as a deskbound lawyer.She wears a sweater almost every day including during the summer,and is always complaining about being cold.Edmund,her wealthy boss tells Mary that he will give her $1M if she climbs Mt.Everest.Edmund doesn't believe that she'd even give the offer a second thought.Mary,without saying anything to anyone,starts an intensive training program to whip herself into shape and six months later,during her vacation,in fact,climbs Mt.Everest.Upon returning to work,she presents Edmund a picture of herself on the summit of Mt.Everest and demands her $1M.Edmund tells her that they never had a contract so he owes her nothing and Mary claims that the money is owed based on promissory estoppel.

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Definitions:

Spending Variances

Differences between the budgeted or standard cost of production and the actual cost incurred.

Customers Served

The number of clients or customers who have purchased a company's goods or services within a specific time frame.

Flexible Budget

A budget which is predisposed to adjust when there are changes in the magnitude of operations or activity levels.

Patient-visits

The number of instances patients come to a healthcare facility for services or treatment.