QUESTION Which response to the current business environment is considered legal? A) iStore discriminates in its pricing because it manufactures different qualities of headphones for different computer manufacturers. B) iStore requires dealers to charge a specified retail price for its products. C) iStore raises memory card prices and then announces a huge discount. D) iStore […]
QUESTION Which of the following principles most justifies All American Burger’s position? A) When a food product is unhealthy, consumers should not assume that it is safe to consume it in moderation. B) A company is not responsible for behavior that it does not actively encourage. C) A company is responsible only for the reasonable […]
QUESTION Which of the following principles most justifies the criticism of All American Burger for offering the Cardiac Burger? A) Parents have the responsibility for making decisions regarding their children’s diet. B) A company has a duty to provide the nutritional information required by governmental regulations. C) Customers are responsible for the foreseeable consequences of […]
QUESTION Which of the following is the point at issue between Chin and Weinstock? A) Would the organization save money by requiring Legal Division managers to supervise more employees? B) Does a Legal Division manager need to keep current on any issues other than contracts, property issues, litigation, and taxation? C) Do lawyers tend to […]
QUESTION Which of the following is assumed by Weinstock’s argument? A) Legal Division managers do not supervise a significant number of nonlawyers. B) Nonlawyers should not be able to determine the appropriate level of support required by the Legal Division. C) The consequences of delivering bad legal advice are greater than the consequences of delivering […]
QUESTION What are express warranties and implied warranties? Include the two premises on which implied warranties are based. What will be an ideal response? ANSWER Answer: Express warranties are guarantees of terms specifically stated by the seller. Implied warranties are guarantees of terms legally imposed on the seller. Implied warranties are based on the […]
QUESTION Which of the following, if true, strengthens Weinstock’s argument? A) Chin has trained many of the current managers in the Legal Division. B) Even if the Legal Division managers supervised an ideal number of employees, lawyers would still need to explain their advice in language that nonlawyers can understand. C) An approach similar to […]
QUESTION What is the Uniform Commercial Code? What will be an ideal response? ANSWER Answer: The Uniform Commercial Code is a comprehensive commercial law designed to provide uniformity in sales and other commercial law and to describe the rights of buyers and sellers in transactions. It involves warranties, which are a seller’s promises to […]
QUESTION Labor unions are organizations of employers formed to protect and advance their members’ interests by bargaining with employees over job-related issues. Indicate whether the statement is true or false. ANSWER Answer: FALSE Explanation: Labor unions are organizations of employees formed to protect and advance their members’ interests by bargaining with management over job-related […]
QUESTION Juanita flew down to Florida to sail her newly purchased yacht back home to Rhode Island. Before she left Florida, she stocked her boat with alcoholic beverages. What taxes did Juanita have to pay on this whole trip? Explain. What will be an ideal response? ANSWER Answer: Juanita had to pay excise taxes […]
