Car n' Truck Body & Paint Company orders custom paint from Diverse Hues Inc, but Diverse does not deliver. Car n' Truck will probably be unable to enforce the agreement if the parties omitted
a. a price term.
b. a payment term.
c. a quantity term.
d. shipping arrangements.
c
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A new business fails to prioritize ethics training for its employees, and as a result a low-trust environment develops among the different departments of the business. Based on management theorist W. Edwards Deming’s quoted thoughts about the importance of trust, what might one predict will happen?
a. A culture of intense corruption will form, with most employees acting unethically with respect to the customer. b. Each department will pursue its own self-interest instead of the interests of the entire business, and the business will suffer. c. The business’s profits and public image may rise to new heights, but internal dynamics and employees’ happiness with their work will suffer. d. The loss of trust will lead to a rapid confrontation with governmental ethics authorities and a likely demise of the business.
The basic enforcement mechanism of __________ is a system of on-site inspections by safety and health inspectors
a. OSHA b. Social Security c. workers' compensation d. FLSA
Firms resources, according to Barney (2006), will represent a competitive advantage if they contain four key attributes: Being valuable, being rare, are without good substitutes and ______
a. are perfectly imitable by other firms b. are imperfectly imitable by other firms c. are cost-effective d. are able to secure profit maximization
A limited liability company as an entity is not liable for the wrongful acts or omissions of its members.
Answer the following statement true (T) or false (F)