The Consumer Product Safety Commission is a government agency that issues rules, orders, and decisions. The Colorado state legislature enacts statutes. The Washington County Board and the Silver City Council enact or-dinances. Administrative law includes

A) ?all laws that affect a business's operation.
B) the rules, orders, and decisions of the Consumer Product Safety Commission.
C) statutes enacted by the Colorado state legislature.
D) ordinances enacted by the Washington County Board and the Silver City Coun-cil.


B

Business

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Using a freight forwarder usually

A. is not economical for a small firm. B. increases transit time and shipping costs. C. increases transit time and sometimes lowers shipping costs. D. lowers shipping costs for a large firm. E. reduces transit time.

Business

Identify a factor that has promoted change in operations management over the last five decades.

A. Recognition of quality as a source of competitive advantage B. Adoption of a cost perspective C. Adoption of simpler supply chains D. Increased disregard for severe environmental problems

Business

Which of the following statements is CORRECT?

A. Other things held constant, the less debt a firm uses, the lower its return on total assets will be. B. The advantage of the basic earning power ratio (BEP) over the return on total assets for judging a company's operating efficiency is that the BEP does not reflect the effects of debt and taxes. C. The return on common equity (ROE) is generally considered less significant, from a stockholder's viewpoint, than the return on total assets (ROA). D. The price/earnings (P/E) ratio tells us how much investors are willing to pay for a dollar of current earnings. In general, investors regard companies with higher P/E ratios as more risky and/or less likely to enjoy higher future growth. E. Suppose you are analyzing two firms in the same industry. Firm A has a profit margin of 10% versus a margin of 8% for Firm B. Firm A's total debt to total capital ratio is 70% versus 20% for Firm B. Based only on these two facts, you cannot reach a conclusion as to which firm is better managed, because the difference in debt, not better management, could be the cause of Firm A's higher profit margin.

Business

Asset A was purchased six months ago for $25,000 and has generated $1,500 cash flow during that period. What is the asset's rate of return if it can be sold for $26,750 today?

What will be an ideal response?

Business