Which of the following is true regarding the relationship between business and society?
A) Society and business need each other.
B) Business needs society but the reverse is not true.
C) Society needs the government, and the government needs business.
D) Society needs businesses, but the reverse is not true.
E) Business needs the government, and the government needs society.
A) Society and business need each other.
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Indicate whether the statement is true or false
________ is the degree to which the results of using an innovation can be observed or described to others
A) Relative advantage B) Compatibility C) Complexity D) Divisibility E) Communicability
Barry buys a new sports car. The car sits low to the ground, and because of the styling, visibility
to the rear is limited. About a month after Barry has the car, he backs over his pet poodle as he is leaving for work. In his strict liability suit against the manufacturer, Barry will: A) Lose because he is not in privity of contract with the car manufacturer. B) Win on the basis of packaging defect because the car could have been packaged in a differently styled body. C) Lose because he assumed the risk of backing up in a car when he could not see to the rear. D) Win because driving a sports car is an inherently dangerous activity. E) Win on the basis of design defect.
Hayden owes Luther $5000 . Hayden will only be able to pay this debt if he is able to sell his one-year-old Harley motorcycle, valued at $20,000 . Hayden writes a check to Luther that reads, "Payable to the order of Luther the sum of $5000 as soon as my Harley motorcycle sells for a reasonable amount." This check is
a. negotiable, assuming Luther accepts delivery of the check. b. negotiable if Hayden also includes a date that he expects the motorcycle to sell. c. non-negotiable because it does not state a definite amount of money. d. non-negotiable because the check is conditional.