Althea Caldwell is the director of Arizona's Department of Health Services (DHS). DHS is charged the administration of the state's behavioral health system and is responsible for contracting with private providers for millions of dollars of mental
health care each year for eligible patients. Ms. Caldwell accepted a $20,000 per year director position for a hospital group corporation. One of the hospitals in the group was one to which state contracts for mental health treatment had been awarded. One month after accepting the position, Ms. Caldwell asked the state's attorney general for an opinion as to whether she had a conflict of interest. Does Ms. Caldwell have a conflict of interest?
Ms. Caldwell has a classic textbook conflict of interest. You cannot be the state official responsible for awarding conflicts AND the director of a company that owns one of the facilities bidding for those contracts. The $20,000 is a quid pro quo – a position awarded with compensation with the hope of gaining an edge in the state agency's award of contracts.
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For work done during June, Prints Company incurred direct materials costs of $150,000 and conversion costs of $225,000. The company employs a traditional operating philosophy. At the end of August, it was determined that the Work in Process Inventory account had been assigned $2,000 of costs, and the ending balance of the Finished Goods Inventory account was $5,000. There were no beginning
inventory balances. Using the information provided for Prints Company, how much was charged to the Cost of Goods Sold account during June? A) $378,000 B) $380,000 C) $375,000 D) $368,000
________ is the making of false statements about a competitor's products, services, property, or business reputation.
A. Malicious prosecution B. Strict liability C. Disparagement D. Slander
The Euro is the currency used by ________
A) NAFTA B) MERCOSUR C) the EU D) the WTO E) GATT
In competing in foreign markets, companies find it advantageous to concentrate their activities in a limited number of locations in all of these situations, except when
A. there are significant scale economies in performing an activity. B. the addition of new production capacity will not adversely impact the supply-demand balance in the local market. C. certain locations have superior resources, allow better coordination of related activities, or offer other valuable advantages. D. the costs of manufacturing or other activities are significantly lower in some geographic locations than in others. E. when there is a steep learning or experience curve associated with performing an activity in a single location (thus making it economical to serve the whole world market from just one or maybe a few locations).