There is an established rule in the law of torts that even one who has not created a peril has a duty to take affirmative action to assist an imperiled person, no matter what the relationship with that person, when the imperiled person can be saved from harm at little or no personal risk to the rescuer
a. True
b. False
Indicate whether the statement is true or false
False
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Seth and Rachel have original investments of $50,000 and $100,000, respectively, in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%; salary allowances of $27,000 and $18,000, respectively; and the remainder divided equally. How much of the net loss of $16,000 is allocated to Seth?
a. $8,000 b. $6,000 c. $4,000 d. $16,000
In Roni's new sales job with Compu-Tex, she talks with a prospect who is strongly interested in the product, but does not have the budget to purchase a full-year subscription
When Roni reports this to her manager, her manager says, "Turn it into a win-win!" The sales manager most likely wants Roni to: A) sell the product to the customer at wholesale cost. B) work with the customer to sell a length of subscription the customer can afford. C) work with the research and finance departments to find a way to reduce overall costs. D) ask the prospect for a referral so that the time spent with this prospect won't be a loss. E) express appreciation to the prospect for considering the proposal and then find a new lead.
Retailers are often unable to earn an adequate return on investment in which type of location?
a. overstored b. saturated c. understored d. zone of indifference
Any communication by a retailer that informs, persuades, and/or reminds the target market is _____
a. the channel of communication b. retail promotion c. advertising d. public relations