All of the following are characteristics of a closely held corporation EXCEPT
a. the shares are publicly traded.
b. the corporation can typically operate without a board of directors.
c. the shareholders usually restrict share transfer.
d. minority shareholders are provided more protection than in regular corporations.
a
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A firm selling food should have higher inventory turnover rate than a firm selling office furniture
Indicate whether the statement is true or false
Consider the simple 3-station assembly line illustrated below, where the 2 machines at Station 1 are parallel, i.e., the product only needs to go through one of the 2 machines before proceeding to Station 2
What is the throughput time of this process? A) 12 min. B) 20 min. C) 38 min. D) 18 min. E) 58 min.
The fundamental premise underlying learning curve analysis is that:
A) tasks can be easily learned in organizations. B) organizations and people become better at their tasks as the tasks are repeated. C) learning takes place when people in organizations change. D) total labor costs decrease as the number of production units increases. E) doubling output cuts labor requirements per unit in half.
Your firm has been wanting to hire another engineer for some time, and your supervisor has just made an offer to someone from out of state. The hiree is in the process of selling his house, and moving his family to your city. But you are well aware that the economic downturn has sharply curtailed business, and you don't see how the current level of business can support another engineer. In fact,
you are all a little concerned about layoffs. You know that your supervisor also knows all of this, but he has told you that he won't withdraw the offer until he absolutely has to. By that time, the hiree may well have sold his home and moved his family, but have no new job with your firm. If the offer is withdrawn under these circumstances, and the hiree sues, which causes of action, if any, might be successful? a. breach of contract and promissory estoppel b. promissory estoppel and fraud c. fraud only d. breach of contract only e. none of these