Two Japanese firms¾Mikato, Ltd., and Shuzushi, Ltd.¾enter into a joint venture in an attempt to increase their market share of the U.S. auto market. A U.S. court could exercise jurisdiction over the firms
A. if the joint venture has a substantial effect on U.S. commerce.
B. if the joint venture has any effect on U.S. commerce.
C. if the joint venture was entered into in the United States.
D. under no circumstances.
Answer: A
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In a situation involving undue influence, the party who takes advantage of another person's mental, emotional, or physical weakness to unduly persuade that person to enter into a contract is called the ________.
A. servient party B. correspondent C. dominant party D. fraudster
A sunk cost is a cash outlay that has already been incurred. But, it is a cost that can be recovered if a capital budgeting project is purchased. Consequently, these sunk costs are extremely important in capital budgeting analyses.
Answer the following statement true (T) or false (F)
Use this information for questions that refer to the United Tools case.Terry Harter is marketing manager for United Tools, and Mike O'Reilly is the firm's logistics manager. They work together to make decisions about how to get United's hand and power tools to its customers-a mix of manufacturing plants and final consumers (who buy United tools at a hardware store). United Tools does not own its own transport facilities, and it works with wholesalers to reach its business customers.Together, Harter and O'Reilly try to coordinate transporting, storing, and product-handling activities to minimize cost while still achieving the customer service level their customers and intermediaries want. This usually requires that United keep an inventory of most of its products on hand; but demand for
its products is fairly consistent over time, so inventory is easy to manage.Harter has identified four options for physical distribution systems she could use to reach two of her key wholesalers, Ralston Supply and Ricotta Tool Co. The total cost for each option-and the distribution service levels that can be achieved-are as follows:
Ralston Supply expects a very high level (90 percent) of distribution customer service. Ricotta Tool Co. is willing to settle for a 70 percent customer service -leveleven if that means some products will occasionally be out of -stockif it gets products at a lower price.For its large retail hardware customers (like Home Depot), United regularly ships smaller orders directly to individual stores or in some cases to the retail chain's warehouses. Cross-country shipments usually go by rail, while regional shipments usually go by truck. It appears that United Tools
A. needs to buy its own fleet of trucks.
B. uses the distribution system with the lowest transportation cost.
C. is implementing the physical distribution concept.
D. works to provide just-in-time delivery to both of its wholesalers.
E. All these answers are correct.
Which of the following is false concerning Deming's philosophy on fear in the workplace? a. Employees may be fearful of making a mistake and being reprimanded for it
b. Fear-free organizations are very common as only takes a short time to develop and maintain an organizational culture that promotes risk taking and change. c. Most people have a fear of failure, so they don't want to try anything new or different. d. People are creatures of habit and do not like to make changes in their routines. e. Middle managers may be fearful of letting go of their traditional power based on command and control.