John buys a watch for $100 at a vintage store. Later, the store learns that the watch was worn by Sean Connery in a James Bond movie and wishes to rescind the sales contract they have with John
Which of the following statements is true in this scenario?
A) The store can rescind the contract immediately and refund $100 to John.
B) The store can recover from John the difference between the value of the watch and the amount paid by John.
C) The store can declare the contract void and pay John no money.
D) The store cannot rescind or void the contract.
D
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Running afoul of miscellaneous laws in a foreign country is
A. an error easily forgiven by foreign police. B. a serious error, so the local law should be known. C. not a serious issue because both your country and your company stand behind you. D. not a major issue, as the embassy can work out your release.
The best solution to stage fright is ______.
A. preparation B. deep breathing C. gripping the podium D. memorizing the start
Which of the following statements is true about the stakeholder theory of corporate social responsibility?
a. It states that companies should only focus on increasing shareholder wealth. b. It states that social responsibility is best carried out by government agencies. c. It states that a company owes a duty to be a good citizen in its community. d. It states that employees and not the top management should be involved in corporate social responsibility.
In a free trade area, members drop internal tariffs. External tariffs
A. are maintained independently by each member. B. do not apply to an FTA. C. are also dropped. D. are coordinated so there is one agreed-upon set of external tariffs.