Lance sued Mega Corp for negligence, and a jury awarded him $1.2 million. Mega Corp filed a motion for judgment NOV, and that motion was denied by the trial court. Mega Corp then appealed the case. Discuss a judgment NOV and when it is appropriate for a judge to grant such a judgment
A judgment NOV (non obstante veredicto or not withstanding the jury's verdict) can be entered by the court when the judge is convinced that the evidence presented does not equate to the verdict reached by the jury. The judge, being a trier of fact as well as of law, shares the fact-finding process with the jury -- the jury cannot award damages in a civil trial inconsistent with the evidence. Generally, the judge will defer to the decision of the jury but in some cases where extreme findings are reached by the jury totally inconsistent with the evidence, the judge will nullify the jury's verdict.
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In the early 1980s Theodore Levitt, seeing dramatic improvements in telecommunications, was the first person to call for a truly global approach to marketing
The first company to pick up his ideas was London-based Saatchi & Saatchi, an advertising agency. Discuss S&S's rationale for global marketing.
The Securities and Exchange Commission (SEC) has the power to require firms to follow generally accepted accounting principles (GAAP)
Indicate whether the statement is true or false
At the end of the current year, Leer Company reported total liabilities of $300,000 and total equity of $100,000. The company's debt ratio on the last year-end was:
A. $400,000. B. 300%. C. 33.3%. D. 66.67%. E. 75.0%.
The Sarbanes-Oxley Act of 2002, along with related legislation, resulted in which of the following important changes in financial public relations?
A. Held top management personally accountable for a company's financial reports B. Helped public relations practitioners gain inside information on companies, which would help them decide whether to buy or sell those companies' stocks C. Made it more difficult for public relations practitioners to disclose company financial information in a timely way D. Established oversight boards to ensure uniform legal behavior by companies' outside auditors E. Both A and D are correct