John enters into a contract to paint Chad's house. When Chad decides on a color, John will buy the paint and paint the house for the price of $2,500. This contract is governed by:
What will be an ideal response?
the common law of contracts governs because the predominant factor of the contract is for the sale of services and not goods.
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Suppose, the U.S. has domestic savings of $100 billion, domestic investment of $60 billion, and a government budget surplus of $30 billion. Based on these figures, the amount of net foreign investment is $____ billion.
A. 10 B. 70 C. 130 D. 190
If the Advertising Self-Regulatory Council rules that a firm's advertisements are not substantiated, then it orders the firm to discontinue the ads. This is very similar to the cease and desist order of the Federal Trade Commission
Indicate whether the statement is true or false
How does virtue ethics differ from deontology?
a. It is habit- and action-based instead of rule-based. b. It allows for more emphasis on self-interest. c. It is ends-based instead of rule-based. d. It takes into consideration the welfare of all individuals, not just the majority.
What is a difference between middle managers and upper-level managers that makes ethics training of particular importance for the middle manager?
a. Middle managers place more pressure on their subordinates than they receive from their own upper-level managers. b. Middle managers are often younger and more inexperienced, and thus, they are in greater need of instruction. c. Middle managers have less hierarchical pressure to keep them disciplined. d. Middle managers have greater impact on the ethics of subordinates.