Consumer fears about e-commerce security issues are based on credit card numbers being stolen, identity theft, and fraud
Indicate whether the statement is true or false
TRUE
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The company is deciding whether to drop product line F because it has an operating loss. Assume that $22,000 of total fixed costs could be eliminated by dropping F. What effect would this decision have on operating income?
Momentum Rollerblades has three product lines—D, E, and F. The following information is available:
A) Operating income will increase by $23,000.
B) Operating income will increase by $3000.
C) Operating income will decrease by $23,000.
D) Operating income will decrease by $3000.
Which of the following would be a secured creditor in a corporate bankruptcy?
A) 30 employees each owed $1,500 in wages that have not been paid B) a bank with $100,000 owing on a chattel mortgage on the company's vehicles C) the government for $20,000 owing in HST D) the local hydro company for $12,000 owing on an electrical bill E) all of the above would be secured creditors
Susan, the CEO of ABC Company, which was involved in the production and sale of hair care products, decided to hire new employees to develop new product lines for a planned expansion into the dog shampoo arena. She was concerned, however, that the employees specializing in canine products might leave at some point, taking company secrets with them for use in competition with ABC. She, therefore,
required that the employees sign contracts containing covenants not to compete. Susan also consulted her in-house counsel, Sam, regarding the effect of some new regulations involving the use of certain chemicals in shampoo and conditioner. Sam told her, however, to ignore the regulations until some type of investigation of the company was started. Sam says that more than likely no one will ever check to see whether or not ABC is in compliance. Susan disagrees with his advice and decides to seek other counsel. Refer to Fact Pattern 1-1 . Assuming that Susan seeks to be a legally astute manager, which of the following is true regarding the advice given by Sam to ignore the regulations pending an investigation? a. Sam is correct that it is unlikely that any investigation will ever occur and that the regulations may be safely ignored. b. Sam is correct only if ABC has not had past investigations because if past investigations have occurred, it is more likely that the company will be the target of future investigations. c. Sam is incorrect but only because safety regulations are concerned. d. Sam is incorrect because a legally astute manager will take a proactive approach to regulations.
The main purpose of the Bill of Rights was to:
a. list the powers of the federal government. b. enumerate all of the rights of U.S. citizens. c. provide limitations on the powers of individuals. d. restrict the powers and authority of the federal government.