______ error occurs when the evaluator forms a generally positive impression of an individual and then artificially extends that general impression to many of that individual’s categories of performance.
A. Recency
B. Severity or strictness
C. Halo
D. Central tendency
C. Halo
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How does a limited liability company (LLC) differ from a Subchapter S corporation?
A) An LLC is taxed at a higher rate than a Subchapter S corporation. B) There is no limit on the number of members in an LLC, whereas a Subchapter S corporation limits the number of members. C) An LLC is taxed as a corporation, whereas a Subchapter S corporation is taxed as a partnership. D) The liability limit for members of an LLC is higher than that for a Subchapter S corporation.
________ use networks of contacts more than formal authority.
A. Managers B. Franchisees C. Small businesses D. Entrepreneurs E. Franchisors
Rule 10b-5 applies to any:
a. buyer of a registered security. b. seller of a registered security. c. person who buys or sells a registered security. d. person who buys or sells any security.
In MacPherson v. Buick Motor the court held for MacPherson for injuries caused by defective wheels on his Buick. This case allowed for negligence for product liability:
a. only when privity existed b. with exception for contract warranty c. with implied warranty d. without exception e. except for commercial sales