Which of the following scenarios illustrates a case of ethnocentrism?
A. T.J., a television producer from California, goes out of his way to share ideas and methods with other producers from India, South Korea, and Hollywood.
B. Orlando, an architect from Missouri, is fascinated by the culture he encounters when his company sends him to Scandinavia.
C. Liam, a millwright from Kentucky, ignores input from engineers at his tractor company's Japanese subsidiary because he believes Americans build the best tractors.
D. Chad, a fisherman from Alaska, has tried using nets manufactured in Japan and Russia, but finds his American-made nets perform slightly better.
E. Nelson, a civil engineer from New York, comes off as pushy and rude when he visits engineering firms in Nordic Europe.
Answer: C
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Virginia and Dan each own investment realty that they would like to trade. Virginia's property is subject to mortgage debt of $2,000 and has a net of mortgage value of $6,000. Dan's property is subject to mortgage debt of $30,000 and has a net of mortgage value of $5,000. Virginia and Dan agree to exchange properties and assume each other's debt. Dan pays Virginia $1,000 cash, and the exchange is completed. What is the gross selling price of Virginia's property?
A. $2,000 B. $6,000 C. $8,000 D. $5,000 E. $35,000
In a case in the text involving a used-car dealer accused of fraud, the court of appeals stated that
an "as is" clause in a contract prevents a seller from being liable for fraudulent concealment based on the seller's failure to disclose perti facts to a buyer. Indicate whether the statement is true or false
Before posting information on a blog, the blogger must make certain that the information is accurate.
Answer the following statement true (T) or false (F)
Venture capitalists look for ventures that will earn them ________ times their original investment
a. two to five b. five to ten c. seven to twelve d. ten to fifteen