Spencer, age 18 and of sound mind, has the legal capacity to contract
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following describes the overall tone of the organization that management establishes through its modeling and labeling, organization, communication, and other activities?
a. detection framework b. risk mitigation channel c. support network d. control environment
______ is the reduced effort people exert in a group compared to the amount they supply when working independently.
A. Social loafing B. Storming C. Synergy D. Process losses
While staying at Smith Hotel Corp., Nina asked her son to take her two diamond rings to the hotel clerk for safekeeping. The rings were shown to the clerk and then placed in a "safe-deposit envelope" which was sealed. The son received a depositor's check stub, which had a number corresponding to the number on the envelope. The envelope was kept in a safe, located in the hotel's front desk, which was used to keep the hotel's cash as well as the valuables of guests. Though equipped with a combination lock, the safe was usually kept unlocked as there would always be a clerk on duty at the reception desk. The following night, the hotel was robbed by two armed men and Nina's rings were taken. She sued the hotel for the value of the rings. The hotel claimed that the robbery was an "act of a
public enemy" that relieved the hotel of liability. If the safe-deposit envelope is analyzed in the way that safety deposit boxes are, was the hotelkeeper liable for the theft of property left with it for safekeeping? What will be an ideal response?
U.S. sugar import quotas have existed for more than 50 years and preserve about half of the U.S. sugar market for domestic producers. Why does the United States continue to have these quotas?
A) to reduce competition for its domestic sugar industry B) to increase the cost of sugar C) to control the supply and demand for sugar D) to support a mass market for sugar E) to improve the promotion of sugar