Violations of Sections 1 and 2 of the Sherman Act by a corporation can result in:
a. up to 50 years in prison b. a fine of $1 million
c. a fine of $100 million
d. both a and b are correct e. both a and c are correct
c
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A(n) ________ is a small group of people brought together for an intensive discussion of a topic.
A. social media site B. in-depth interview C. focus group D. data mining session E. experiment
In a process layout, ______.
a. similar activities or machines in work centers or departments are grouped together b. the sequence of departments through which the work flows is identical for different products c. the labor skills required are minimal d. much of the work is usually automated
Green Glass Corporation makes glass bottles for food and beverage makers to package their products for wholesale distribution and retail sale. Liability may be imposed on Green Glass based on
A. the "reasonableness" of the manufacturer's quality control efforts. B. the type of the manufacturer's insurance coverage. C. a manufacturing defect. D. the opinion and testimony of non-experts.
In the context of legal forms of business, identify an accurate statement about a general partnership.
A. A single partner operates as the firm's manager and is directly responsible for any debts owed by the firm. B. Established partners can bring in new equity partners by surrendering a portion of their ownership position. C. The partner with the largest equity stake makes decisions about the firm's operations. D. Owners report their shares of losses or profits independent of their interest in the firm.