A trustee in bankruptcy may avoid which of the following?
A) Fraudulent transfers
B) Voidable preferences
C) Automatic stays
D) Both fraudulent transfers and voidable preferences
D
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The European Commission has jurisdiction over European-based companies as well as non-European ones that generate significant revenues in Europe. If Microsoft applies in Europe, the Commission has a right to all of the following except:
A) it can block a proposed merger. B) it can block a proposed joint venture. C) it can approve with minor modifications. D) it can demand substantial concessions before granting approval. E) it can refer serious matters to the UN Security Council.
Some companies have a(n) ________ policy under which an employer refuses to hire or terminates a worker on the basis of the spouse's working at the same firm.
A. conflict-of-interest B. anti-fraternization C. antitrust D. antinepotism
Discuss any ethical issues raised by the following actions. Lamb Inc has a debt-equity ratio of 30 percent, which is considerably lower than most of its competitors. Lamb Inc has become the target of a takeover by a group of outside investors. This
takeover group feels that Lamb Inc could service debt up to 60 percent of its financing. They plan to borrow the necessary cash to finance the takeover and then have Lamb Inc assume the debt. This action will result in a debt-equity ratio for Lamb Inc of 60 percent after the takeover. The current management desires to defend Lamb Inc against this takeover attempt. It sells off a profitable division of the business and uses the cash proceeds to buy back outstanding common stock. This action has the effect of increasing the debt-equity ratio to 60 percent, making Lamb Inc less attractive because of the sale of the profitable division, and increasing the stock price that the takeover group must pay.
Which of the following statements is true of voice mail technology?
A. It makes it possible for people to participate on the Web. B. It allows flexibility in staying in touch without the aid of a computer. C. It has rapidly changing content that requires authorization to post. D. It provides a platform for people with shared interests to communicate.