Most of the goods contained in a freight train (a common carrier) were destroyed when a tornado wrecked the train. The carrier was sued for damages by all the shippers that had merchandise on the train. Is the carrier strictly liable for the damage done to the goods by the tornado?
Generally common carriers are strictly liable for harm to the bailor's goods. Common carriers are governed by a statute known as the Carmack Amendment. If the goods are delivered to the carrier in good condition and the goods are damaged, the carrier is liable. An exception to this is if the carrier can show that it was not negligent and the goods were damaged by an act of God, such as this tornado.
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An advertising company tries to foster as much creativity as possible. It asks for input from all employees and encourages group work where everyone can work toward a common goal they develop. Employees are not punished when ideas don’t work out. What management approach does this company practice?
A. Behavioral science approach B. Human resources perspective C. Traditional management practices D. Scientific management E. Administrative principles approach
The cost of perpetual preferred stock is found as the preferred's annual dividend divided by the market price of the preferred stock. No adjustment is needed for taxes because preferred dividends, unlike interest on debt, is not deductible by the issuing firm.
Answer the following statement true (T) or false (F)
A package of Supreme Security Software compares the software’s features against its competitors’ features. The result is a matrix with check marks and Supreme Security Software has more checks than its competitors. This approach to CVP demonstrates which of the following?
a. all-benefits approach b. points-of-difference approach c. point-summary approach d. competitive assessment approach
Imagine that you have developed a software application and are now ready to “open shop.” Describe some of the penny-pinching techniques you would use to get your business started.
What will be an ideal response?