The consumer “bill of rights” includes the right to:
a. waste
b. safety
c. national origin
d. freedom
e. religion
b. safety
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The goal of the salesperson who is calling on a gift store retailer is "to sell at least $100 worth of merchandise to the customer before the end of the fiscal year." What technique would you use to determine if this is a good sales call objective?
What will be an ideal response?
Promises to make charitable subscriptions
a. are exempted from the necessity of consideration. b. are not legally enforceable. c. are based on promissory estoppel. d. may not be valid unless large sums of money are involved.
Relaxant Inc. operates as a partnership. Now the partners have decided to convert the business into a corporation. Which of the following statements is CORRECT?
A. Relaxant's shareholders (the ex-partners) will now be exposed to less liability. B. The company will probably be subject to fewer regulations and required disclosures. C. Assuming the firm is profitable, none of its income will be subject to federal income taxes. D. The firm's investors will be exposed to less liability, but they will find it more difficult to transfer their ownership. E. The firm will find it more difficult to raise additional capital to support its growth.
Utilitarian ethics holds that decisions should be made on the basis of practicality, and whatever action is most convenient should be favored
Indicate whether the statement is true or false