Among consumers who write product reviews online, a majority do so to
A. feel personally empowered.
B. give recognition for a job well done.
C. punish the company for a product defect.
D. receive a product discount.
E. bond with others.
Answer: B
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Which of the following is not a characteristic that distinguishes services from goods?
A. Services are perishable. B. Services are heterogeneous. C. A service is intangible. D. Service jobs are unskilled. E. None of these
Six years after its founding, in 2009, at 25, Elizabeth Holmes, founder and CEO of Theranos, a company based in Palo Alto, California, that manufactured and marketed medical devices for testing blood, told a small group at Stanford University that her ticket to success was "conviction" that you could "make something work, no matter what." On June 15, 2018, Holmes and Theranos's former president Ramesh "Sunny" Balwani were indicted on multiple counts of wire fraud and conspiracy to commit wire fraud. According to the indictment, investors and doctors and patients were defrauded. Holmes herself had falsely claimed in 2014 that the company had annual revenues of $100 million, a thousand times more than the actual figure of $100,000. Prosecutors claimed they had engaged in an
"elaborate, years-long fraud" wherein they "deceived investors into believing that its key product-a portable blood analyzer-could conduct comprehensive blood tests from finger drops of blood." It was alleged the defendants were aware of the unreliability and inaccuracy of their products, but concealed that information. If convicted, they each face a maximum fine of $250,000 and 20 years in prison. Normatively speaking, which actions should Theranos's board of directors have taken to provide good governance oversight and prevent this fraud from occurring? What will be an ideal response?
You plan to invest some money in a bank account. Which of the following banks provides you with the highest effective rate of interest?
A. Bank 1; 6.1% with annual compounding. B. Bank 2; 6.0% with monthly compounding. C. Bank 3; 6.0% with annual compounding. D. Bank 4; 6.0% with quarterly compounding. E. Bank 5; 6.0% with daily (365-day) compounding.
One method of taking a publicly held corporation private, by forcing minority shareholders to accept cash or property for their shares, is a(n):
A) appraisal remedy. B) cash-out combination. C) management buyout. D) tender offer.