Scenario 2.1 Use the following to answer the questions. ? Southwest Airlines has a history of being able to retain its employees due to the atmosphere and culture of the company. Employees have been known to dress up in costume on an airplane, engage in "games" with the passengers, and generally provide a fun atmosphere for traveling. While other airlines have low rates of customer satisfaction, Southwest tends to maintain a high rating with its customers. Recent gas price hikes have caused most airlines to charge for checked luggage and to fill every flight to its maximum, adding to the negative experience of airline travel. Southwest keeps its costs low through several methods, one being that they do not serve meals on flights, or provide pre-boarding passes. The typical flight is two
hours or less and occurs between several selected cities rather than flying to practically anywhere in the country. Southwest is known for its low fares, its dependability, and its on-time flights. ?Refer to Scenario 2.1. The fact that Southwest Airlines has a history of being able to retain its employees is a(n) ____ in its SWOT analysis. This low turnover creates more knowledgeable and satisfied employees, a potential _______.
A. ?weakness; opportunity
B. ?strength; competitive advantage
C. ?threat; market opportunity
D. ?opportunity; competitive advantage
E. ?strength; market opportunity
Answer: B
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Benson and Orton are partners who share income in the ratio of 2:3 and have capital balances of $60,000 and $40,000, respectively. Ramsey is admitted to the partnership and is given a 10% interest by investing $20,000 . What is Orton's capital balance after admitting Ramsey?
a. $44,800 b. $35,200 c. $20,000 d. $16,000
To oppose the Glass-Steagall Act, banks argued that they
A. would be forced to extend deposit insurance coverage to firms that were not banks. B. would have a conflict of interest between their needs to underwrite stocks and to serve their customers. C. could gain greater monopoly power by lending only to big businesses. D. could take advantage of economies of scope if they were able to underwrite securities and sell them directly to their customers.
Most criminal liability depends on the performance of a prohibited act.
Answer the following statement true (T) or false (F)
Gary, a partner in G & R Enterprises, went to a trade show and discussed with a manufacturer's representative of Foods 4 U, Inc the purchase of three dozen food processors. A week after the trade show Gary received a signed letter from the representative thanking Gary for visiting his booth and saying Gary's order for three dozen Style 418B food processors at $90 each would be shipped to his
business address within 30 days. Can Gary be contractually bound to accept and pay for the food processors? A) If, after he returns from the trade show, Gary decides he only wants to purchase twelve food processors, he would not have to pay for three dozen if they are shipped to him as long as he notifies Foods 4 U of the change in quantity before it ships the goods. B) Gary did not sign an order form, and an order this large would have to be in writing and signed by Gary to be enforceable. C) If Gary does not object in writing within ten days after receiving the letter, he can be bound to accept and pay for the three dozen food processors. D) The letter is not sufficient to bind either Gary or Foods 4 U, Inc. to the purchase and sale of the food processors.