Which of the following best describes how a company should use a business plan?
A) A company should create its business plan by the end of its first year in business.
B) A company should have a business plan in place from the start.
C) Once in place, the business plan should be revised every month.
D) Consistent internal conditions should lead management to keep the same business plan.
E) Changing external conditions should not lead management to create a new business plan.
B
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Name five of the seven challenges and/or opportunities facing the field of OB. Describe one in more detail, explaining why it is a challenge and/or opportunity.
What will be an ideal response?
An aggrieved seller who resells wrongfully rejected goods is accountable to the original buyer for any profit made on the resale
a. True b. False Indicate whether the statement is true or false
Eden Valley Ranch and Farm Supply Corporation enter into a contract for a sale of fencing materials. Farm Supply, a merchant who deals in goods of the kind, makes implied and express warranties in connection with the sale. Under the UCC, if these are inconsistent
a. all implied warranties displace all express warranties. b. all express warranties displace all implied warranties. c. the implied warranty of fitness for a particular purpose takes precedence. d. the implied warranty of merchantability takes precedence.
Suppose, before the start of a trial, the judge believes the case should be settled by the parties, rather than go to trial. The judge may:
a. order the parties to settle the case b. order the parties to appear at a pretrial settlement hearing c. request the parties to come to a pretrial settlement hearing d. request the defendant come to a pretrial settlement hearing e. not have a pretrial settlement hearing unless requested by both parties