At its core, legal astuteness is the ability of a manager to:
a. effectively communicate and solve problems with counsel.
b. prevent deceptive trade practices and piracy.
c. develop the firm's brand and marketing strategy.
d. encourage the sale of safe products at a fair price.
a
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Proctor Inc has a weekly payroll of $8,000 for a 5-day workweek, Monday through Friday. If December 31, the last day of the accounting year, falls on Wednesday, Proctor would make an adjusting entry that would
a. increase wages expense $4,800. b. decrease wages payable $4,800. c. decrease cash $4,800. d. increase wages payable $8,000.
If a company routinely chooses to tolerate misbehavior from employees rather than being proactive with bad behaviors, then it is considered which type of organization?
A. ethically decoupled B. ethically transformed C. missional D. insular
Ridley is an officer of Sun Watts, Inc Ridley knows that a Sun Watts engineer recently developed a new, inexpensive method for collecting, storing, and converting solar power into fuel. Ridley takes advantage of this information to buy Sun Watts stock
from Taylor and, after the discovery is announced, to sell the stock to Ulrich at a profit. Taylor claims that this is a violation of federal law. Is Taylor correct? If so, what federal law has Ridley violated, and what are its possible penalties?
Assuming that you had just won $5,000,000 in the lottery, describe the advantages and disadvantages of receiving a lump sum today versus a ten-year annuity. Discuss other factors that are relevant or needed to make this decision
No interest rate is given, but different interest rates can be assumed if necessary to answer this problem. What will be an ideal response?