No meeting should be called unless the topic is important, can't wait, and requires an exchange of ideas
Indicate whether the statement is true or false
True
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Bateman Gray Motors sells the cars it produces using dedicated dealers who only sell Bateman Gray's products at their outlets. What kind of marketing strategy has Bateman Gray adopted with its car dealers?
A) direct marketing B) exclusive dealing C) disintermediation D) horizontal integration E) vertical integration
Workers at Coniff Enterprises recently went out on strike in protest over employer actions it claimed were in violation of the NLRA Section 8(a)(3). The strike lasted for a period of about 50 days before the NLRB ruled that the company was innocent of any wrongdoing. Coniff Enterprises hired temporary strike replacements to keep the business running. At the end of the strike, the striking workers were entitled to:
A. Immediate reinstatement to their jobs and back pay for the 50 day period B. Immediate reinstatement to their jobs C. The right to be hired first if any of the strike replacements decided to quit or were fired D. Nothing
Tracer Corp, an exploration company, wishes to develop a silver mine on a piece of land known as the Harris tract. It lacked the capital to do so on its own, so it entered into negotiations with Big Tree Mining Ltd
for a joint venture on the project. The negotiations collapsed. Big Tree, believing Tracer's information that there was a rich silver vein on the Harris tract and knowing that Tracer did not yet own it, bought the land itself and subsequently developed the mine, making a huge profit. Which of the following is true? A) Tracer has no remedy unless it establishes that Big Tree owed it a fiduciary duty. B) Tracer has no remedy unless it establishes that Big Tree acquired the Harris tract pursuant to a constructive trust. C) Big Tree is liable to Tracer for breach of confidence D) Tracer has no remedy unless it establishes that Big Tree committed a breach of contract. E) Any one of A, B, or D
Which of the following statements concerning net income is MOST correct?
A) Net income represents income that may be reinvested in the firm or distributed to its owners. B) Net income represents sales minus operating expenses at a specific point in time. C) Negative net income reduces a company's cash balance. D) Net income represents cash available to pay dividends.