Chapter 1 ------------------------------------------------- The Constitutional Foundations ------------------------------------------------- N.B.: TYPE indicates that a question is new, modified, or unchanged, as follows. N A question new to this edition of the Test Bank. + A question modified from the previous edition of the Test Bank, = A question included in the previous edition of the Test Bank. | TRUE/FALSE QUESTIONS 1. State laws are the supreme law of the United States. ANSWER: F PAGE: 2 type: N BUSPROG: Analytic LO: 1-1 Bloom’s: Knowledge DIF: Easy AICPA: BB-Legal 2. The federal government and the states have …show more content…
Equity is a branch of law, founded in justice and fair dealing, which seeks to supply a remedy when no adequate remedy at law is available. ANSWER: T PAGE: 7 type: N BUSPROG: Analytic LO: 1-3 Bloom’s: Knowledge DIF: Easy AICPA: BB-Legal 17. Criminal acts are prohibited only by federal government statutes. ANSWER: F PAGE: 8 type: N BUSPROG: Analytic LO: 1-3 Bloom’s: Comprehension DIF: Moderate AICPA: BB-Legal 18. Government authorities cannot enforce national law. ANSWER: F PAGE: 9 type: N BUSPROG: Analytic LO: 1-3 Bloom’s: Comprehension DIF: Moderate AICPA: BB-Legal 19. Article I, Section 8, of the U.S. Constitution permits Congress to regulate interstate commerce. ANSWER: T PAGE: 11 TYPE: N BUSPROG: Analytic LO: 1-4 Bloom’s: Knowledge Dif: Moderate AICPA: BB-Legal 20. Preemption occurs when Congress chooses to act exclusively in a concurrent area and a valid federal statue or regulation takes precedence over a conflicting state or local law. answer: T PAGE: 14 type: N BUSPROG: Analytic LO: 1-4 Bloom’s: Comprehension Dif: Moderate
* Human resource management= the management function focused on maximizing the effectiveness of the workforce by recruiting world-class talent, promoting career development and determining workforce strategies to boost organizational effectiveness
6) Pricing- Setting prices is a critical decision in implementing a retail strategy because prices are a critical component in customers’ perceived value. In setting prices, retailers consider the price sensitivity of customers in their target market, the cost of the merchandise and services offered competitive prices and legal restrictions.
Equity is being fair and impartial in dealing with people in anything. Example of equity is as a manager you need to be fair to all workers in your dealings as to work schedules.
WedgeCorp manufactures golf clubs. The clubs have rubberized grips that golfers hold onto to swing them. Neil bought his wife a set of clubs for her birthday. Cindy, Neil’s wife, is an avid golfer and uses the clubs frequently at the local golf course. When WedgeCorp manufactured the clubs, they used improperly mixed glue that did not tightly bond the grips to the end of the clubs. Seven months after acquiring the clubs, Cindy went golfing with her friend, Kate. While Cindy was swinging a five iron, the grip came loose and the club sailed through the air, striking Cindy’s golfing partner, Kate, in the forehead.
Quinte MRI, Inc. is a small international provider specializing in a variety of medical technologies including MRI. Quinte MRI’s founder, Dr. Syed Haider believes that the residents of smaller communities deserve the same level of health services as the residents of the larger urban centers. Quinte MRI is experiencing difficulty in meeting the expectations of 2 scans per hour. As a result, productivity is declining and they losing the referral of many of their colleagues. The process is creating a lot of variability and uncertainties that Quinte MRI are dealing with. Solving the issue of the “bottleneck” will make the operation more effective and manageable.
Read the attached article regarding new techniques for treating heart attack victims and identify the problem statement for a study among residents in the Minn. area where this new technique is being practiced. This study is to learn how the residents feel about the new technique being used. You might want to include survivors of this technique to learn of their assessment of the technique vs. the more commonly used techinque of clot busting.
understanding of equity, but more along the lines of using it as an authority. To be clear, equity
The success of Brita in the United States was due to the innovative product model as well as the great marketing support from a well-established manufacturer and marketer, The Clorox Company. Although the company struggled the first few years with low sales volume, however, they believed that a Brita consumer would have a remarkable lifetime value, resulting in the retention rate of 80%. Not only their retention rate was high, Brita’s market share had been steady in the range of 65% and 75%, which made them a dominant market player in the system and filter market.
There are a few different aspects that could be considered opportunity costs while attending the University of Phoenix’s MBA program. People make a commitment and this does not come lightly, they sacrifice personal time and sleep to account for the many hours put into time and studying. Most can hold down a job since there is no set time one has to study, whether one takes out student loans or pays from their checks this is also sacrificed money to obtain the end goal. These could all be considered opportunity costs depending on the person and their lifestyle, there is no
All businesses have to foresee and then deal with all potential challenges that may arise. One challenge can be dealing with the increase of demand after releasing a product. An example of this can be with Nike. As Nike is a clothing company they are consistently dealing with trend changes and dealing with demand of a certain product that turns to be very popular due to factors such as a gain in popularity from social media. Nike will always have to be prepared for changes in demand, a good example of this was when they first released Nike mercurial football boots, there was such a high demand for these boots and were getting sold out throughout stores over the country and online.
1. A strategy indicates the general direction in which a firm plans to move to attain its goals. The strategies of any business organization, whether purely domestic or multinational, are determined by matching two key ingredients: core competencies and available opportunities. Internal factors relate to the identification of core competencies of a firm focusing on strengths and weaknesses with regard to the expertise available within the firm in the areas of technology, manufacturing, distribution, and logistics.