Laura Walsh owed $560 to a local department store. The debt was assigned to a collection agency. The agency did the following: (a) used a postcard to contact Laura and summarize her debt, (b) called her at 7 AM to catch her before she left for work, (c)
called her in spite of Laura's requests to stop, (d) contacted her employer about the debt, (e) contacted her at the hospital as she visited her ill mother. Are any of the actions improper?
All of them are improper and illegal under the FDCPA. (a) violation of privacy; (b) before 8 AM hour; (c) must stop if debtor asked; (d) privacy problem; (e) harassment.
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According to the text, the ________ is information oriented
A) marketing research problem B) management decision problem C) theoretical decision problem D) hypothetical decision problem E) research context problem
Which of the following statements is most likely true about conducting business in China?
A) Take the initiative and move quickly to close deals. B) Bow slightly and shake hands when greeting others. C) Making a toast during a banquet is considered bad luck. D) The lowest ranking person in a room should be introduced first. E) Handkerchiefs and clocks are appropriate gifts that suggest good luck.
Lori and Dan own a small restaurant as partners. Dan works several hours a day cooking, waiting on tables, doing the books, and so forth. Dan believes he is entitled to be paid at least a standard wage for all his work since, at the present time, the part-time kitchen helpers earn more than he does! Lori claims Dan is not entitled to anything other than one-half the net profits. Is Lori right?
a. Yes. The UPA states a partner may not collect a "wage" from the partnership business under any circumstances. b. Yes, if there is no agreement between Lori and Dan allowing for either of them to be paid wages for work done at the restaurant. c. No. Dan may collect only minimum wage, as required by federal law. d. No. Dan may collect a fair wage for the work he has performed.
A business collects cash from a customer for services that were performed one month earlier. Which of the following accounts is debited?
A) Cash B) Accounts Receivable C) Service Revenue D) Accounts Payable