[APPENDIX] A sole proprietorship is a separate entity for legal purposes
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following is not a factor used to classify wholesalers?
A. Whether the wholesaler is owned by the producer B. Whether the wholesaler takes title to the products it handles C. The range of services offered by the wholesaler D. The price range of the products carried by the wholesaler E. The breadth and depth of the product lines carried by the wholesaler
Duress. In 1982, Hardy Salt Co hired William Schmalz under an employment contract that stated he was entitled to six months' severance pay if he was laid off. The company would not have to pay in the event of any voluntary separation or involuntary
termination for other reasons, such as for poor performance or for cause. In mid-1983, Schmalz was asked to resign after having an affair with the chairman's executive secretary. Schmalz was told that if he did not resign he would be fired but that if he did resign the company would keep him on the payroll for another six weeks. Schmalz resigned and signed an agreement releasing Hardy Salt from any liability for breach of the employment contract. Schmalz later claimed that he had signed the release under duress and sued Hardy Salt for the six months' severance pay under his employment contract. Discuss whether Schmalz's claim for duress should succeed.
Scenario B. Terence, a store manager at Imperial Office Supply Inc., received an e-mail from Martin, the chief financial officer for the company. Terence read through the e-mail and interpreted the information that required him to give an update on the sales of the month. Though the sales figures at Terence's location were not satisfactory, he did not want to disappoint Martin by revealing the true situation, so he told him that the store was meeting or exceeding revenue goals according to all of the relevant metrics. Terence then decided to discuss the current problem with the sales manager and get her feedback.Given the fact that Terence needs to discuss a difficult situation with his sales manager-the poor financial performance of their store-the best communication channel for such a
conversation would be a(n) A. telephone conversation. B. e-mail message. C. text message. D. videoconference. E. face-to-face meeting.
In comparison to a floating exchange rate regime, a fixed exchange rate system is characterized by:
A. smoother trade balance adjustments. B. increased destabilizing effects of exchange rate speculation. C. greater autonomy in terms of monetary policy. D. higher monetary discipline. E. greater exchange rate uncertainty and volatility.