__________ is the step in the decision-making process in which managers analyze underlying causal factors associated with the decision situation.
A. Analysis
B. Diagnosis
C. Recognition
D. Judgment
E. Identification
Answer: B
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On March 10, Martin entered into an oral contract with Wilson. Under the oral contract, they agreed that Wilson will work for Martin for two years for a salary of $50,000 per year. Wilson quit his job the next day so that he could join Martin. But on March 12, Martin called Wilson and repudiated the contract, stating that he had decided not to hire him after all. If Wilson decides to sue, which of the following is most likely to be true?
A. Oral contracts are completely voidable and have no weight in the court. B. Wilson cannot sue Martin because there was no written contract. C. Wilson can sue Martin for false imprisonment and unintentional tort because Wilson did not have a written contract, and this becomes the best alternate course of action. D. Wilson may use the doctrine of promissory estoppel to show that he had materially relied on the oral promise and will suffer serious losses if the promise is not enforced.
The heading for a balance sheet might include the line "For the Month Ended December 31, 20--."
Indicate whether the statement is true or false
Which of the following statements is true about the economic model of corporate social responsibility (CSR)?
A. It places shareholders at the center of the corporation and suggests that the ethical responsibility of management is to serve those shareholders. B. It holds that businesses should fully integrate economic and social goals by bringing social responsibilities into the core of their business model. C. It holds that businesses have social responsibilities beyond the economic and legal ends for which they were created. D. It recognizes that every business decision imposes costs on someone and mandates that those costs be acknowledged.
Which of the following correctly describes the Dutch auction method of share repurchase?
a. The firm conducts open-market purchases. b. The firm specifies a price and a quantity of shares that it will repurchase. c. The firm auctions shares to the highest bidder, as long as that bidder meets the firm's reservation price. d. The firm establishes an acceptable range of prices, solicits and collects sell offers, calculates the average price of these offers, and this average price is applied to all tendered shares.