An arm's length transaction is one in which the parties owe each other no special duties and each is acting in his or her self-interest

a. True
b. False
Indicate whether the statement is true or false


True

Business

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Answer the following statements true (T) or false (F)

1. If the TEAM Act were passed, it would make it easier to form labor-management committees but present greater risks of employer dominated unions. 2. The TEAM Act is an example of legislation proposed that would "loosen" the NLRA by making it easier to form labor-management committees. 3. One of the key reasons advocates for transforming the NLRA give to justify their position is the culture of conflict or adversarialism that exists in the U.S. 4. The TEAM Act would have made it easier to form nonunion employee representation plans. 5. One proposed reform to the NLRA would allow for employee committees focused on monitoring employers' compliance with employment laws.

Business

An system has three major parts with reliabilities of 0.68, 0.68, and 0.57. In order to improve the reliability, each component has a backup each with reliability of 0.98. Compute and indicate the composite reliability of the system.

a. 0.979 b. 0.872 c. 0.831 d. 0.731

Business

The purpose of inventory management is to determine how much and when to order

Indicate whether this statement is true or false.

Business

Answer the following statement(s) true (T) or false (F)

Entrepreneurs typically have enough confidence to believe that they can make a difference in the final outcome of their ventures.

Business