Explain the evolution of an individual baseball player using performance enhancing drugs (PEDs) to it becoming a societal issue
When one athlete decides to use PEDs, it is his or her decision. But, when his or her team rewards him or her, it becomes an organizational issue. When other teams join in to be competitive and also give their PEDs players rewards, it is an industry issue. When we pay to see the games and fill the stadiums to see PEDs players, it becomes a societal issue.
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If a buyer becomes concerned that the seller may not be able to perform required contract obligations, the buyer:
A. will be excused from fair trade under the test of commercial impracticability. B. can demand assurance from the seller that the contract will be performed. C. will be excused from performance under the test of impossibility. D. can legally cancel the contract without telling the seller.
Contingent liabilities will or will not become actual liabilities depending on
a. whether they are probable and estimable. b. the degree of uncertainty. c. the present condition suggesting a liability. d. the outcome of a future event.
The Institute for Supply Management:
A) establishes laws and regulations for supply management. B) is an agency of the United Nations charged with promoting ethical conduct globally. C) publishes the principles and standards for ethical supply management conduct. D) prohibits backward integration into developing economies. E) grants Ph.D. degrees in purchasing.
Dave, an accountant, does not work for Emergent Company, but wrongfully obtains inside information concerning Emergent. Based on the information, Dave buys and sells Emergent stock for personal gain. The Securities and Exchange Commission prosecutes Dave, arguing that he is liable because he stole information rightfully belonging to another. This argument is
A. the blue-sky theory. B. the misappropriation theory. C. the red-herring theory. D. the tipper/tippee theory.