In recent years there have been reports of restaurant employees spitting into food they serve to get even with customers they do not like. Such an action would constitute the tort of negligence
Indicate whether the statement is true or false
F
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In comparison to a corporation, the owners of a general partnership ________.
A) have limited claim on the profits generated by the business B) are restricted from dissolving the business without prior notice to the SEC C) have an unlimited personal liability for the debts of the business D) are taxed at two levels
Elysian Events, a wedding planning company, noted how many couples had a wedding catastrophe of some kind. As a result, it abandoned wedding planning and began offering wedding insurance to protect couples from financial losses due to weather emergencies, stolen wedding rings, damaged wedding dresses, etc. Elysian Events is using a ________ growth strategy.
A. Share building B. Diversification C. Service development D. Market development E. Market integration
The conflict between the goals of a firm's owners and the goals of its non-owner managers is ________
A) the agency problem B) incompatibility C) serious only when profits decline D) the window-dressing
If the buyer is insolvent and has not paid for goods received, the seller may reclaim the goods
Indicate whether the statement is true or false