The doctrine of respondeat superior applies to a(n)
A) parent's liability for a negligent child.
B) pet owner's liability for the pet.
C) employer's liability for a negligent employee.
D) manufacturer's liability for a faulty product.
Answer: C
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The allocation of resources between different strategic business units of the corporation is guided by ______.
A. corporate strategy B. business strategy C. departmental strategy D. divisional strategy
What is the current price of a $1,000 par value bond maturing in 12 years with a coupon rate of 14 percent, paid semiannually, that has a YTM of 13 percent?
A) $604 B) $1,090 C) $1,060 D) $1,073
Which of the following actions would be most likely to reduce potential conflicts of interest between stockholders and managers?
A. Pay managers large cash salaries and give them no stock options. B. Change the corporation's formal documents to make it easier for outside investors to acquire a controlling interest in the firm through a hostile takeover. C. Beef up the restrictive covenants in the firm's debt agreements. D. Eliminate a requirement that members of the board of directors must hold a high percentage of their personal wealth in the firm's stock. E. For a firm that compensates managers with stock options, reduce the time before options are vested, i.e., the time before options can be exercised and the shares that are received can be sold.
One important purpose of the forward markets for foreign exchange allows global traders to protect themselves by ________
A) hedging B) arbitraging C) speculating D) preventing default