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Study Resources (Business Management)

      Multiple Choice Questions 1.CPA QUESTION When a common stock offering requires registration under the Securities Act of 1933: (a)the registration statement is automatically effective when filed with the SEC. (b)the issuer would act unlawfully if it were to sell the common stock without providing the investor with a prospectus (c)the SEC will.
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      6.Victoria’s Secret, a well-known lingerie company, found out that a man named Victor Moseley was running a small store in Kentucky named “Victor’s Little Secret.” Moseley’s shop sold clocks, patches, temporary tattoos, stuffed animals, coffee mugs, leather biker wallets, Zippo lighters, diet formula, jigsaw puzzles, handcuffs, hosiery, greeting cards, incense.
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    1.Michael incorporated Erin Homes, Inc., to manufacture mobile homes. He issued himself a stock certificate for 100 shares for which he made no payment. He and his wife served as officers and directors of the organization, but, during the eight years of its existence, the corporation held only one meeting..
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  Multiple Choice Questions Quick, Onyx, and Nash were deeded a piece of land as tenants in common. The deed provided that Quick owned one-half the property and Onyx and Nash owned one-quarter each. If Nash dies, the property will be owned as follows: (a)    Quick 1⁄2, Onyx 1⁄2. (b)    Quick 5⁄8, Onyx 3⁄8. (c)   .
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  Multiple Choice Questions Are horizontal price fixing and vertical price fixing per se violations of the Sherman Act? (a)    Yes, Yes (b)    Yes, No (c)    No, Yes (d)    No, No   If Sterling Steel (SS) refused to buy concrete from Carat Concrete (CC) unless CC bought steel from SS would that arrangement be a violation of antitrust.
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          Multiple Choice Questions 1. CPA QUESTION  Generally, a corporation’s articles of incorporation must include all of the following except the: (a)    Name of the corporation’s registered agent (b)    Name of each incorporator (c)    Number of authorized shares (d)    Quorum requirements   2. CPA QUESTION  Destiny Manufacturing, Inc., is incorporated under the laws of Nevada. Its principal place.
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  Multiple Choice Questions Which of the following requirements must be met to create a bailment? Delivery of personal property to the intended bailee Possession by the intended bailee (a)    I only (b)    II only (c)    Both I and II (d)    None of the above    2.  Consider the following: A house (value:  $150,000) A giant HD television in the.
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  Multiple Choice Questions 1. A majority of shareholders at Weed, Inc. wanted to reinstate the former CEO of the company and sell off an unprofitable division. Do shareholders have the right to make these two decisions? (a)    Yes to both. (b)    No to both. (c)    The shareholders have the right to sell off an.
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  Multiple Choice Questions Suppose that you are the manager of General Motors plant that is about to start producing Hummers. The Hummer requires special protective paint that, as it turns out, reacts with other chemicals during the application process to create a pollutant. What does the Clean Air Act require of.
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  ?Should oil and gas companies be allowed to engage in fracking, or should the United States ban the practice? Should certain regulations be put in place? Defend your answer using examples from the text. ?While fracking might have flown under the radar during the Industrial Revolution, the relationship era requires companies.
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    Samantha manufactures 60 percent of the titanium screws sold in the United States. Does she have a monopoly on this product? What would you need to know to answer this question?   After acquiring the Schick brand name and electric shaver assets, North American Phillips controlled 55 percent of the electric shaver.
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  10.   How do gross domestic product, the employment rate, and the inflation rate relate to the business cycle? Why is it difficult to predict changes in the business cycle?       1.Research four industries—past or present—that represent the four degrees of competition (pure competition, monopolistic competition, oligopoly, and monopoly). For each example, describe the.
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  Multiple Choice Questions CPA QUESTION  A decedent’s will provided that the estate was to be divided among the decedent’s issue, per capita and not per stirpes. If there are two surviving children and three grandchildren who are children of a predeceased child at the time the will is probated, how will.
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    1.How do relative ethics compare to universal ethical standards? Should ethics ever be relative?  Provide a rationale for your response.     2.What is an ethical dilemma? Give 3 examples of ethical dilemmas that workers or managers might face in a business setting.       3.Compare the role of the individual and the role of the.
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    4.  Kenmart Realty sued to evict Mr. and Ms. Alghalabio for nonpayment of rent and sought the unpaid monies, totaling several thousand dollars. In defense, the Alghalabios claimed that their apartment was infested with rats. They testified that there were numerous rat holes in the walls of the living room,.
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    ETHICS  Edgar Bronfman, Jr., dropped out of high school to go to Hollywood and write songs and produce movies. Eventually, he left Hollywood to work in the family business—the Bronfmans owned 36 percent of Seagram Co., a liquor and beverage conglomerate. Promoted to president of the company at the age.
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  7.Explain how countertrading works. What are the benefits and drawbacks for both parties that engage in countertrading?   .     8.What are the key elements of sociocultural barriers to trade? How can companies overcome these barriers?       9.How has NAFTA impacted the U.S.?  Overall, do you believe that it was a positive move for the U.S.? .
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  2.Imagine that you’re a South Korean fashion magnate looking to expand your line of designer clothing into America. You definitely want to establish a small chain of retail locations, and you’re considering moving your entire manufacturing operation to America. Examining factors of production, risk, inflow of innovation, and competitive advantage,.
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    1.What countries represent the largest global business opportunities for the next decade? What factors determine the size of the opportunity?       2.Why do companies tend to thrive in global markets when their country of origin enjoys a comparative advantage in their industry?     3.Explain how to calculate the balance of trade. How does the.
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  5.Over the past decade, the free trade movement has come under increasing fire as markets have opened and barriers to trade have fallen. Review the arguments for and against free trade, considering the perspective of both more developed and less developed countries. On balance, do you believe that the benefits.
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  4.Major events in our country tend to have significant economic consequences. Consider the following events, and determine the likely impact of each on the five measures of economic performance discussed in the book (gross domestic product, employment, the business cycle, price levels, and productivity): ?The Hurricane Sandy aftermath ?The influx of illegal.
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    You Be the Judge: WRITING PROBLEM American Academic Suppliers (AAS) and Beckley-Cardy (B-C) both sold educational supplies to schools. When B-C’s sales began to plummet, it responded by reducing its catalog prices. It also offered an additional discount in states in which AAS was making substantial gains. What claim.
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  Multiple Choice Questions   1.              Donald Trump wanted to copyright the phrase “You’re Fired!,” which he used on his reality show, The Apprentice. He_______. (a) can copyright it only if he registers it (b) can copyright it only if it is in a tangible form (c) cannot copyright it because it is not novel (d) None.
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    1.How did the global economic crisis unfold?     2.What steps did the Federal government and the Federal Reserve take to mitigate the crisis?       3.Compare and contrast microeconomics and macroeconomics. How do the two approaches interrelate? Use a specific example to explain.       4.What is the difference between fiscal and monetary policy? What role does politics.
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  Multiple Choice Questions 1.Dell sold computers online with a particular software. In fact, the software was not available for several months. Instead, Dell sent customers a coupon for the software “when available.” What did Dell do wrong? I.Failed to offer buyers the opportunity to cancel their orders II.Did not automatically cancel the orders III.Did.
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    4.In October, Renie Guimond discovered that her credit report at TransUnion incorrectly stated that she was married, used the name “Ruth Guimond,” and had a credit card from Saks Fifth Avenue. After she reported the errors, TransUnion wrote her in November to say that it had removed this information. However,.
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    ?In your opinion, is the Consumer Financial Protection Bureau necessary? Should its powers be extended, abridged, maintained, or abolished? Explain, citing the arguments you think are the most relevant to support your position. ?In Chapter 1, you learned that business moves at breakneck speeds. On balance, do you believe that the.
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  7.   Why does quantity supplied tend to increase when prices go up and decrease when prices go down? Why does quantity demanded move in the opposite direction?     8.      Describe the key principles of socialist and communist economic systems. Does more government control mean less economic opportunity?  Why or why not?       9.    Why do most.
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        1.You Be the Judge: WRITING PROBLEM Processed cheese food slices must contain at least 51 percent natural cheese. Imitation cheese slices, by contrast, contain little or no natural cheese and consist primarily of water, vegetable oil, flavoring, and fortifying agents. Kraft, Inc., makes Kraft Singles, which are individually wrapped.
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  Multiple Choice Questions 1. CPA QUESTION A voluntary petition filed under the liquidation provisions of Chapter 7 of the federal Bankruptcy Code: (a)    Is not available to a corporation unless it has previously filed a petition under the reorganization provisions of Chapter 11 of the Code (b)    automatically stays collection actions against the debtor.
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  4.Explain the meaning of “strong” currency and “weak” currency. What are the advantages and disadvantages of each?   ????????????5.              Why is outsourcing such an attractive way for firms to tap into foreign markets? What are the risks of foreign outsourcing?       6.Outline the potential pros and cons of the 3 key strategies for developing.
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        2.Fluor, an engineering and construction company, was awarded a $1 billion project to build a coal gasification plant in South Africa. Fluor signed an agreement with a South African client that prohibited them both from announcing the agreement until March 10. Accordingly, Fluor denied all rumors that a major transaction.
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    1.What factors contribute to the rapid pace of change in business? Is the pace likely to accelerate or decrease over the next decade? Why? 2.What role does entrepreneurship play in the economy? Who stands to gain from the success of individual entrepreneurs? How do other parties benefit? 3.When did American business begin.
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  ?When engaging in international trade, China focuses on the business arrangement, not its political implications. Do you think the United States should act more like China, strengthening its economy by fostering mutually beneficial partnerships with foreign countries that do not promote democracy or fair labor practices?   ?China is set to overtake.
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  Multiple Choice Questions If a manager engages in self-dealing, which of the following  answers will NOT protect him from a finding that he violated the business judgment rule: (a)    The disinterested members of the board approved the transaction (b)    The transaction was of minor importance to the company (c)    The disinterested shareholders approved.
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    During the Great Depression of the 1930s, the federal government’s Works Progress Administration hired artists to create public works of art. The goal was to provide employment and beautify the nation. The artist James Daugherty painted six murals on the walls of the public high school in Stamford, Connecticut. During.
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