Adam Smith agreed with Plato in that they both thought that the pursuit of one's own advantage would require the ultimate involvement of the state through its police force
a. True b. False
b
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What should a leader do in between meetings?
a. Allow their employees to work independently. b. Send reminders of upcoming work to be discussed at the next meeting. c. Take over a task that is not being completed in a timely manner. d. Allow workers to switch tasks if they think it will benefit the group.
Which of the following is/are false?
a. Firms do not necessarily recognize revenues when they receive cash b. Firms do not necessarily recognize expenses when they disburse cash. c. Net income will not necessarily equal cash flow from operations each period. d. A profitable firm will likely borrow funds in order to remain in business, but eventually operations must generate cash to repay the borrowing. e. None of the above are false
Which of the following is an incorrect statement regarding the Economic Espionage Act?
A) Trade secrets are protected under the Economic Espionage Act. B) Under Section 1832 of the Economic Espionage Act, an individual who misappropriates a trade secret related to a product produced for interstate commerce, with the knowledge or intent that the misappropriation will harm the owner of the trade secret, may be subject to a prison term of up to 10 years. C) An organization convicted under Section 1832 of the Economic Espionage Act may be fined up to $1 million. D) Under Section 1831 of the Economic Espionage Act, the misappropriation of trade secrets with the knowledge that the secret will benefit a foreign power may lead to individual prison sentences of up to 15 years per offense and fines for organizations of up to $10 million.
Title to goods passes according to rules under the Code if the parties have no explicit agreement as to transfer of title
a. True b. False Indicate whether the statement is true or false