Name three types of business arrangements governed, at least in part, by private law
Leases; employment contracts; consulting contracts; sales contracts; workplace rules (student answers may vary)
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Which of the following is NOT one of the questions we should ask in determining whether an activity should be accelerated?
a. What costs are associated with accelerating other project activities? b. What are the gains versus losses in accelerating the activity? c. How will the project manager benefit from crashing the project? d. Is the activity critical?
Team-based approaches to work have generated excitement. Used appropriately, teams can be powerfully effective as a(n)
A. award-winning strategy. B. alternative to evaluation. C. building block for organization structure. D. marketing strategy. E. start-up to a large corporation.
What is a hybrid entity that has the legal protections of a corporation and the ability to be taxed (one time) as a partnership?
A. Limited partnership. B. Limited liability corporation. C. Limited proprietorship. D. Limited shareholder.
It is assumed that a rational decision maker ________.
A. faces unclear and ambiguous problems B. is limited by his or her ability to process information C. is unaware of all the possible alternatives and consequences D. is fully objective and logical