Cardwell signed a contract for the rights to all timber located on Copper Hill Mine. He agreed to pay $70 per thousand board feet ($70/mbf). As he began work, Copper Hill became convinced that Cardwell lacked sufficient equipment to do the job well and forbade him to enter the land. Cardwell sued. Copper Hill moved […]
The ______________ organizational structure is simple and might be good for small companies. Question 4 options: Brick and Mortar Straight Line (Line) Line and Staff Matrix Question 5 (1 point) ________ power stems from the threat and application of sanctions and other negative consequences. Question 5 options: Referent Legitimate Expert Coercive Question 6 (1 point) […]
There can be agency conflicts between stockholders and managers as well as between stockholders (through managers) and creditors. Which of the following is correct? *A manager can avoid agency conflicts by retaining at least 51% of the firm’s common stock. *Agency conflicts are avoided when the firm has under 10 employees. *Creditors have no way […]
1. Janice decides to quit her $20,000 a year job and open a small store selling high fashion clothes. To start her store, she takes $100,000 out of her savings account. She had inherited this money from her parents. During the first year, her expenses are as follows: Rent for the Store $15,000 Four Hired Workers $80,000 Clothes $100,000 Accounting Firm $3,000 Electricity $2,000 […]
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