Which of the following is not one of the factors driving an emphasis on supply chain management?
a. An increasing emphasis on domestic sourcing due to the longer lead times and higher levels of pipeline inventories associated with global sourcing.
b. The cost and availability of information resources among entities in the supply chain that allow easy linkages that eliminate time delays in the

network.
c. The level of competition in both domestic and international markets requires organizations to be fast, agile, and flexible.
d. Customer expectations and requirements that are becoming much more demanding.
e. The ability of an organization's supply chain to identify and mitigate risk minimizes disruptions in both supply and downstream product or services to mitigate the impact on lost sales.


a

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Which of the following is a characteristic of a limited-liability company (LLC)?

A) An LLC's life is terminated at any member's choice or death. B) Each member of an LLC is liable only for his or her own actions. C) An LLC must have more than five members. D) The income of members from an LLC is not taxed.

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Martin files a suit against Nichelle in a state court over payment due on a short-term employment contract. The case proceeds to trial, after which the court renders a verdict. The case is appealed to an appellate court. After the state's highest court's review of Martinv. Nichelle, a party can appeal the decision to the United States Supreme Court if

a. a federal question is involved. b. a question of state law remains unresolved. c. the party is unsatisfied with the result. d. the state trial and appellate court rulings are different.

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The ethical standards for certified public accountants only require that such accountants comply with applicable laws and regulations.

Answer the following statement true (T) or false (F)

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Ron buys from Karen 1,000 ''Smudgy Dolls'' for his toy store. Karen knows the dolls' heads are not properly attached but says nothing. Ron sells all of the dolls quickly and then has 1,000 unhappy customers with headless dolls. Ron sues to rescind the contract with Karen and also seeks punitive damages. What is the likely outcome?

a. Ron will be able to rescind, based on fraudulent nondisclosure, but he may not get punitive damages as well. b. Ron will be able to rescind, based on fraudulent nondisclosure, and may also obtain punitive damages. c. Ron will lose unless he can show that Karen intended to harm Ron's business. d. Ron will win only if he can show that both parties were mistaken about a basic assumption

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