Discuss the Fair Use Doctrine – what are the four factors used to determine if a use is fair?
Purpose of the Use, Nature of the Work, Amount used and Potential Market Impact – something that is copied to earn the copier a profit, is highly creative, is used in its entirely and is targeted at the same market as the original work is less likely to be a fair use than something highly factual being slightly copied for an educational purpose.
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Dealing with internal customers may be more sensitive than your dealings with outsiders due to the ongoing nature of the relationship.
Answer the following statement true (T) or false (F)
Some organizations take collaboration so seriously that they are changing the traditional office layout and replacing cubicles with low walls or no walls between desks. Many are creating small, informal areas designed to encourage spontaneous discussion and problem-solving. This is an example of which concept?
A. job sharing B. collaborative groups C. flextime D. collaborative teams
When Company A discounts, with recourse, a note to Company B, Company B has a contingent liability until the note is paid
Indicate whether the statement is true or false
Managing inventory turnover involves balancing which of the following consideration(s) in setting the optimum level of inventory and, thus, the rate of inventory turnover?
a. For a given amount of gross margin on the goods, firms prefer to sell as many goods as possible with a minimum of assets tied up in inventories. b. An increase in the rate of inventory turnover between periods indicates reduced costs of financing the investment in inventory. c. Management does not want to have so little inventory on hand that shortages result in lost sales. d. Increases in the rate of inventory turnover caused by inventory shortages could signal a loss of customers. e. All of the above.