True or FalseA sales pitch where the retailer traps the

Get college assignment help at Smashing Essays Question True or FalseA sales pitch where the retailer traps the prospective customer by dangling a very attractive offer that is disparaged once the customer arrives in the store is known as a negative-option plan.

True or FalseUnder term insurance, the insured would receive the

Question True or FalseUnder term insurance, the insured would receive the sum assured in the policy only if s/he survives for the term stated in the policy.

“A ‘Nickel-and-Dime’ Crime Almost 50 Years Ago Gets 68-Year-Old Employee

Question “A ‘Nickel-and-Dime’ Crime Almost 50 Years Ago Gets 68-Year-Old Employee Fired”http://www.cnn.com/2012/08/30/us/iowa-fired-for-a-dime/ (Links to an external site.)1. Make a persuasive case for Wells Fargo in support of the company’s decision to terminate Richard Eggers’ employment. 2. Make a persuasive case against Wells Fargo in opposition to the company’s decision to terminate Mr. Eggers’ employment. 3. In your opinion, who should win the dispute—Wells Fargo, or Mr. Eggers?

True or FalseAn author’s agent would be considered a “special

Question True or FalseAn author’s agent would be considered a “special agent.”

The penalty for breach of the fiduciary duty of an

Question The penalty for breach of the fiduciary duty of an agent is: a.$1000 for each instance of the act.   b.loss of compensation and profit.   c.permanent reduction in the rate of commission.   d.imprisonment for a period of 5 years.   e.loss of possession and title to the property. 

True or FalseThe shop rights doctrine allows a company to

Question True or FalseThe shop rights doctrine allows a company to use an invention developed by an employee on its premises, using company resources, without payment of royalties.

True or FalsePartnerships are not taxable entities and so they

Question True or FalsePartnerships are not taxable entities and so they do not pay income taxes.

Public corporations are also known as _____ corporations. a.closely held

Question Public corporations are also known as _____ corporations. a.closely held   b.S   c.municipal   d.professional   e.nonprofit 

Which of the following is true of partnerships and corporations?

Question Which of the following is true of partnerships and corporations? a.Ownership and control of partnerships are separated.  b.A corporation is a conduit for income and is not taxed as a separate entity. c.Partnerships are easier to form when compared to corporations.  d.All the shareholders in a publicly held corporation have equal rights in management and conduct of business. e.Partners can easily transfer their interest in partnerships through stocks when compared to corporations.

Stuart wanted to set up a small steel manufacturing plant.

Question Stuart wanted to set up a small steel manufacturing plant. In order to raise funds, he approached his affluent uncle, Tom. Tom agreed to finance the plant with his own money in exchange for an ownership with interest. It can be said that Tom is a(n) _____. a.bondholder   b.venture capitalist   c.angel investor   d.equity shareholder   e.stockholder 

Q1)Darryl entered into a contract with Jason to design a

Get college assignment help at Smashing Essays Question Q1)Darryl entered into a contract with Jason to design a backyard for him. Darryl approved Jason’s design and told Jason to go ahead with the plan. Half way through the project, Darryl changed his mind and ask Jason to come up with a different plan.  Jason demanded payment for the unfinished project and Darryl refused. Please explain what recovery options are available to Jason. With that mind, please distinguish between negotiation, mediation and arbitration. Discuss the advantages and disadvantages of each of them?Q2)Andrew is running a successful consulting business. He initially set up his business as a sole proprietor. In the last 2 years, Andrew’s business has been doing very well and generated over $250,000 in revenue.  Last month Andrew signed up two major corporate clients that will likely bring money to his business. Andrew is wondering if he should continue to run his business as a sole proprietor or he should incorporate.  With that in mind, please explain what is meant by corporation having a separate legal identity? Explain some of the advantages and disadvantages associated with the corporate method of carrying on businesses.   In addition, please explain if Andrew should run his business as is or should he incorporate. Give reasons for your answer.   

Mixed Inc., a cement manufacturer, issued $5,000 of common stock

Question Mixed Inc., a cement manufacturer, issued $5,000 of common stock to their attorney for legal services involving the formation of the company. In reality, the services were worth only $1,000. It can be said that the attorney has been issued a _____ and would be liable to the corporation for the $4,000 difference. a.treasury stock   b.junk stock   c.municipal stock   d.zero coupon stock   e.watered stock 

True or FalseA company’s stock can often be sold at

Question True or FalseA company’s stock can often be sold at less than its par value.

True or FalseDaniel, one of the most influential members of

Question True or FalseDaniel, one of the most influential members of the board of Fun Sports Inc., holds 15 percent of the registered security of the company. It can be said that Daniel is a corporate insider.

True or False As an alternative to dissolution, a corporation

Question True or False As an alternative to dissolution, a corporation in financial trouble may look to state blue sky laws for relief.

If one company acquires 90 percent or more of the

Question If one company acquires 90 percent or more of the stock of another company, it can merge with the target company without the consent of the target company’s shareholders. The resultant merger is known as the _____ merger a.runaway shop   b.closed shop   c.short-form   d.codicil   e.ademption 

The Sherman Antitrust Act of 1890 was formed to: a.limit

Question The Sherman Antitrust Act of 1890 was formed to: a.limit the formation of yellow-dog contracts.   b.limit the formation of runaway shop agreements.   c.forbid combinations in restraint of trade and monopolizing.   d.forbid employers from interacting with workers in the private sector who create labor unions.  e.set enhanced standards for all U.S. public company boards, management and public accounting firms.

A horizontal restraint of trade differs from a vertical restraint

Question A horizontal restraint of trade differs from a vertical restraint of trade in that the horizontal restraint of trade: a.follows the rules stated in the Sherman Antitrust Act of 1980.   b.limits the competition between rival firms in the same industry.   c.follows the rules listed in the Clayton Antitrust Act of 1914.   d.follows the rules listed in the Robinson-Patman Act of 1936.   e.limits the competition between a government producer and a private retailer.

Kath, Kim and Sharon are having coffee after completing the

Question Kath, Kim and Sharon are having coffee after completing the last of their variety dance classes and are complimenting each other on their impressive dance skills. The conversation turns to using their newly acquired expertise to open up a dance studio to teach beginners. They call their business a joint venture and decide that they should run the business in consultation with one another. They agree to share the profits equally and decide that they should all have access to the financial details of the business. Sharon will use the skills she acquired as treasurer of the netball club to run the administrative side of the business, while Kath and Kim will run the boot-scooting and flamenco dance classes. During the two weeks it took to find suitable premises, the dance trio open up a bank account under the name of “Look at Me” Dance Studios, and are finally ready for business.The business has been going well for a couple of months, when Kath decides that the dance floor in the studio she runs the boot-scooting class is not quite good enough. She believes she will get more pronounced kicks from her students if the floor is more highly polished. In the two hours before her class starts, she continually polishes the floor until she has used well over the recommended amount polish for the dance floor. When her students arrive for the class, some of the students express concern about the slipperiness of the floor, but Kath reassures them that the floor is just how it should be and today’s lesson is going to be particularly good. However, ten minutes into the dance class, Kel, one Kath’s favourite students, does a rather enthusiastic kick and, due to the overly slippery floor, ends up falling rather awkwardly breaking his leg.(a)   Does a partnership exist? If so, who are the partners?             (b)  From whom can Kel obtain compensation for the personal injuries resulting from Kath’s negligence? Explain.                                     Kim has been dating Brett for about a year now, and she decides she also wants to go into business with him in another dance studio that is only 2 streets away from the “Look at me” Dance Studio.

Under the _____ a seller who deals with two or

Question Under the _____ a seller who deals with two or more retail customers but passes their orders on to a single wholesaler and sells the total quantity to the wholesaler in one transaction, can be held to have violated Section 2 of the Clayton Act. a.Parker immunity doctrine   b.Res judicata doctrine   c.ultra vires doctrine   d.indirect purchaser doctrine   e.parens patriae doctrine 

True or FalseThe federal Trade Commission is limited to proving

Question True or FalseThe federal Trade Commission is limited to proving damages to individual customers case by case.

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