Alain is chairman of the board of Barber & Beauty Supply Corporation. Consuela, a con¬sumer, is injured while using a Barber & Beauty product. She sues Barber & Beauty and Alain individu¬ally. The corporation may pay Alain's legal fees under
a. under the director's right to participation.
b. under the director's right to compensation.
c. under the director's right to indemnification.
d. only on the firm's own initiative.
C
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The probability distribution for the number of goals the Lions soccer team makes per game is given below. NumberOf Goals Probability 0 0.05 1 0.15 2 0.30 3 0.25 4 0.15 ? What is the probability that in a given game the Lions do not score more than 2 goals?
A. 0.20 B. 0.50 C. 1.0 D. 0.70
The Martin Company reported net income of $15,000 on gross sales of $80,000. The company has average total assets of $135,000, of which $102,000 is property, plant and equipment. What is the company's return on investment? (Round your final answer to 1 decimal place.)
A. 14.7% B. 11.1% C. 12.5% D. 18.8%
Green Glass Corporation makes glass bottles for food and beverage makers to package their products for wholesale distribution and retail sale. Liability may be imposed on Green Glass based on
A. the "reasonableness" of the manufacturer's quality control efforts. B. the type of the manufacturer's insurance coverage. C. a manufacturing defect. D. the opinion and testimony of non-experts.
Which of the following statements is true of a consent order?
A. A consent order leads to adverse publicity. B. A consent order is for settlement purposes only. C. The signing of a consent order constitutes an admission of guilt by an advertiser. D. If an advertiser refuses to sign a consent order, the inquiry is handed to the U.S. Department of Justice. E. A consent order prohibits an advertiser from making a specified advertising claim for 30 days.