Which of the following responses to a challenge would be considered most like satisficing?
A. Panic
B. Relaxed avoidance
C. Relaxed change
D. Decreased involvement
E. Defensive avoidance
C. Relaxed change
In relaxed change, a manager realizes that complete inaction will have negative consequences but opts for the first available alternative that involves low risk. This is a form of "satisficing"; the manager avoids exploring a variety of alternatives in order to make the best decision.
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Agency by ________ occurs when a person misrepresents himself or herself as an agent and the principal accepts the unauthorized act
A) ratification B) rescission C) revocation D) rejection
Duncan Corp is declared bankrupt. The Royal Bank has a mortgage on its manufacturing plant. Ten employees have a claim for $1,000 each for unpaid wages for the week prior to bankruptcy. The trustee in bankruptcy's fees are $10,000
An unpaid supplier of steel has a claim for products supplied. What class of creditor are the employees? A) Unsecured B) Secured C) Preferred D) General E) Common
Geoff's fiancée, Susan, comes to meet his parents for the weekend. On Saturday morning, while using Geoff's mother's hair dryer, the blower short-circuits sending sparks across the guest room. Susan's angora sweater and her hands are covered with tiny burns. Susan's mother is a lawyer and wants her to sue the seller of the dryer for breach of warranty. Can she?
a. No, because horizontal privity would extend only to members of the family. b. No, because privity would require that Geoff's mother sue. c. Yes, since she is a guest in the home of the buyer, the warranties would extend to her in most states. d. Yes, since under the Code all reasonable users are protected from injury.
?A project's terminal value is _____.
A. ?the present value of all the cash outflows including the initial cost of investment B. ?the cash inflow in the last year of the project C. ?the sum of the future values of the cash inflows compounded at the firm's required rate of return D. ?the sum of the cash inflows after full recovery of the initial investment in the project E. the excess of the cash outflows over the cash inflows generated by the project?