The rule requiring producers to pay compensation to consumers injured by defective products, even though reasonable care has been exercised, is called:
a. caveat emptor b. strict liability
c. liability for negligent actions d. res ipsa loquitur
e. none of the other choices
b
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The Cook Corporation has two divisions--East and West. The divisions have the following revenues and expenses: EastWestSales$500,000 $550,000 Variable costs 200,000 275,000 Traceable fixed costs 150,000 180,000 Allocated common corporate costs 135,000 170,000 Net operating income (loss)$ 15,000 $(75,000)?The management of Cook is considering the elimination of the West Division. If the West Division were eliminated, its traceable fixed costs could be avoided. Total common corporate costs would be unaffected by this decision. Given these data, the elimination of the West Division would result in an overall company net operating income (loss) of:
A. ($60,000) B. $15,000 C. ($155,000) D. ($75,000)
Which of the following is true regarding competitive rivalry?
A) The more competitors an industry has, the higher will be the differentiation among them. B) High differentiation among competitors increases competitive rivalry. C) Excess capacity within an industry can cause competitors to intensify their moves against one another. D) Intense competitive rivalry leads to higher prices and margins. E) Intense competitive rivalry leads to lower marketing and sales expenses for retaining customers.
Because there are 10 people on Jaxon’s team, he reasons that he can reduce his effort on group tasks and other members will pick up the slack. What Jaxon is doing is called ______.
A. social loafing B. groupthink C. group norming D. process loss
According to the law, a workweek consists of seven consecutive days and requires that the workweek start on a Monday.?
Indicate whether the statement is true or false