Were the shutdowns caused by "business circumstances that were not reasonably foreseeable" as of the time that notice would have been required?


While Alden and Bates contend that the decision by Bank of Boston to call their loans was an unforeseen business circumstance, the magistrate judge held that this decision by the bank was neither unforeseen nor sudden. He concluded that in the exercise of commercially responsible business judgment the calling of the loans could have been anticipated and notice could and should have been given to the employees.

Business

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According to the Truth-in-Savings Act, the interest rate that banks are required to report when you deposit money in an account is known as

A. capital-gains yield. B. annual percentage yield. C. current yield. D. total return.

Business

Answer the following statements true (T) or false (F)

1. People are generally comfortable with and embrace change, even change in apparently major matters. 2. According to Jim Collins, researcher of enduring great companies, hubris and denial are among the stages of institutional decline. 3. The marketplace is becoming more homogeneous and moving toward more similar products. 4. Demassification refers to a trend of customer groups being segmented into smaller, specialized groups responding to narrowly targeted messages.

Business

Robert Johnson contributed equipment, inventory, and $42,000 cash to the partnership. The equipment had a book value of $25,000 and market value of $28,000. The inventory has a book value of $50,000, but only had a market value of $15,000. due to obsolescence. The partnership also assumed a $12,000 note payable owed by Robert that was originally used to purchase the equipment. What amount should

Robert's capital account be recorded? A) $85,000 B) $73,000 C) $117,000 D) $105,000

Business

To better manage its human resources, the management of Bart, a pharmaceutical company, decides to create a separate department that would be responsible for hiring skilled employees, dealing with government regulations, and managing behavioral issues. The given scenario illustrates the concept of _____.

A. personnel management B. scientific management C. outsourcing D. licensing

Business