Beginners Run Ski Shop sells a pair of skis to Crystal. When Crystal first uses the skis, they snap in two. The cause is something that Beginners Run did not know about and could not have discovered. Beginners Run breached
A) the merchant's implied duty of inspection
B) the implied warranty of merchantability.
C) no duty or warranty because Beginners Run knew nothing about the defect that made the goods unsafe.
D) no duty or warranty because consumers should reasonably expect to occasionally find a product that does not work as warranted.
B
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An exchange market is a securities market that provides a physical facility for the buying and selling of stocks and prescribes the number and qualifications of its broker-members
These brokers buy and sell stocks through the exchange's registered specialists, who are dealers on the floor of the exchange. Indicate whether the statement is true or false
There are several perspectives of competition. One perspective is zero-sum thinking. Zero-sum thinking means that
A. everyone in the organization shares gains and losses equally. B. in order for someone to gain others must experience no gain or benefit. C. one can only gain at the expense of someone else. D. all parts of the organization gain at no loss.
Which of the following mechanisms would be most likely to help motivate managers to act in the best interests of shareholders?
A. Decrease the use of restrictive covenants in bond agreements. B. Take actions that reduce the possibility of a hostile takeover. C. Elect a board of directors that allows managers greater freedom of action. D. Increase the proportion of executive compensation that comes from stock options and reduce the proportion that is paid as cash salaries. E. Eliminate a requirement that members of the board of directors have a substantial investment in the firm's stock.
Researchers have described a "fully developed new firm" with a number of characteristics, including
a. full-time commitment. b. informal financial support. c. minimal hiring. d. plans to hire one or more individuals.