The law does not provide a remedy for the breach of an unenforceable agreement
a. True
b. False
Indicate whether the statement is true or false
True
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In a short essay, list and discuss five of the seven deadly sins described as one of the founding areas of guidance for those unsure about their ethical standing.
What will be an ideal response?
Profit maximization does not adequately describe the goal of the firm because:
A) profit maximization does not require the consideration of risk. B) profit maximization often has a short-term focus. C) maximization of dividend payout ratio is a better description of the goal of the firm. D) Both A and B
In Gieseke v. IDCA, Gieseke formed a company to compete with his old employer and worked with one of the former owners of his old employer in the new company. His former employer moved some of the equipment of the new company and changed its mailing address without permission of Gieseke or his partner. When Gieseke sued his former employer the courts held that the former employer:
a. was not liable in tort as its actions did not go beyond "normal business activities" b. was not liable as Gieseke was not properly licensed c. was liable for negligent misrepresentation of Gieseke's business to other parties d. was liable for interference with prospective contractual relations e. none of the other choices
________ means responding to risk by not taking a risky action
A) Risk reduction B) Risk acceptance C) Risk avoidance D) Risk transference