Which of the following is a difference between an employer-employee and an employer-independent contractor relationship?

A) An employer pays unemployment insurance taxes and medical benefits for employees but not for independent contractors.
B) An employer controls an independent contractor's physical conduct and details of work performance but not an employee's physical conduct and work performance.
C) An employer can be held liable for torts committed by an independent contractor but not for the torts committed by an employee.
D) An employer supplies the tools and equipment required by independent contractors, whereas employees are expected to bring their own tools and equipment.


A

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Sometimes a rise of only 10 percent in consumer demand can cause as much as a 200 percent rise in business demand for products for the next period. This is an example of ________

A) inelastic demand B) direct purchasing C) fluctuating demand D) derived demand E) a straight rebuy

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Recyclable or biodegradable packaging, recycled materials and components, and better pollution controls are ways that marketers have responded to the ________

A) increased need to comply with environmental regulations B) pollution reduction movement C) new recycling laws D) new government intervention program E) environmental sustainability movement

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Ambidextrous organizational designs are useful for firms that wish to create modest, incremental innovations at the same time as dramatic, breakthrough innovation. This is done by maintaining adaptability and alignment of values and coordination across organizational activities.

Answer the following statement true (T) or false (F)

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Bandy Corporation owns a machine that manufactures lawn game sets. Production time for the croquet set is 10 units per hour and for the volleyball set is 8 units per hour. The machine's capacity is 1,500 hours per year. Both products are sold to a single customer who has agreed to buy all of the company's output up to a maximum of 4,000 croquet sets and 10,000 volleyball sets. Selling prices and variable costs per unit are shown below. Based on this information, what is Bandy Corporation's most profitable sales mix?    Croquet Set Volleyball GameSelling price per unit$75  $62 Variable costs per unit 42   25 

A. 12,000 volleyball sets. B. 2,500 croquet sets and 10,000 volleyball sets. C. 4,000 croquet sets and 10,000 volleyball sets. D. 4,000 croquet sets and 8,800 volleyball sets. E. 15,000 croquet sets.

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