In the context of the legal obligation of sellers to pay damages to individuals, product liability settlements

A. never exceed a company's insurance coverage or its total assets.
B. may exceed a company's insurance coverage but not its total assets.
C. never exceed three-fourths of a company's insurance coverage.
D. may exceed not only a company's insurance coverage but also its total assets.
E. are always too small to make a difference to the company's total assets.


Answer: D

Business

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In a ________, a legislature selects the head of government according to party strength as expressed in elections

A) limited democracy B) monarchy C) limited monarchy D) totalitarian state E) parliamentary democracy

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Jules Renton, a financial accountant at Valkyrie Aviations, deals with the accounts Valkyrie has with the government. Valkyrie Aviations is in contract with the government to deliver a new bomber plane called Spearhead While reviewing the Spearhead account, Renton noticed that Valkyrie has been falsely billing the government for Spearhead's production. If Renton chooses to be a whistleblower and expose the scam to the government, what statute enacted by the Congress must he invoke?

A) Business Norms Act B) False Claims Act C) Sarbanes-Oxley Act D) Glass-Steagall Act

Business

Daniel is a trustee for a federal bankruptcy court. Daniel's duties include

a. collecting the debtor's available estate. b. establishing priority for the payment of unsecured creditors. c. operating a debtor's business to obtain maximum profit for creditors. d. submitting to an examination under oath by the creditors.

Business

Soon after becoming the new manager of operations at the Cooper Motors, a local car dealership, Finn discovers that employees are coming in late to work, taking long breaks, and behaving unprofessionally while on the job. After considering the situation, he introduces a new set of guidelines, along with contingencies of reinforcement. Those who show up on time, do not exceed their allotted break schedules, and show themselves behaving professionally at all times while on duty during the next month will enjoy a steak dinner, courtesy of management. Those who fail to meet the requirements, on the other hand, will be invited to stay late for three nights in a row and attend an unpaid training session. The contingencies Finn is planning to implement-the steak dinner on the one hand and the

unpaid training sessions on the other-are, respectively, A. punishment and extinction. B. positive reinforcement and negative reinforcement. C. negative reinforcement and extinction. D. punishment and negative reinforcement. E. positive reinforcement and punishment.

Business