QUESTION 19An apprenticeship contract is one whereby a firm owner undertakes to provide full vocational training to another person who has completed atleast:O a. 14 years of ageO b. 16 years of ageO c. 18 years of ageOd. 12 years of ageQUESTION 20Which of the following clauses is not included in the (MOA) of a company?Oa Capital clauseOb. Object clausec. Registered office claused. General meetings clauseQUESTION 21The minimum amount of capital for an LLC is 5 million AED. ( )TrueFalseQUESTION 22Which of the following clauses is included in the (AOA) of a company?O a Capital clauseb.Object clausec. Registered office clause-Od. General meetings clause

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Answered: QUESTION 19 An apprenticeship contract…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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(Q): Briefly explain following:1. Legal Contract 2. Professional liability Explain question with own words, examples and detail explanation.
Which statement defines Political-Legal Environment in which a Firm must operate: Question 21 options: a) An environment that constitutes any national or international political factors that can affect the operations of a Firm in a host market. b) A Nations Laws and regulations pertaining to business that also influence the operations of the foreign firm. c) Entry restrictions (e.g. exporting, licensing, acquisition, strategic alliance etc.) d) Trade barriers (e.g. tariffs, quotas etc.) e) The Legal Environment constitutes the "rules of the game" and Political Environment determines how the Laws are enforced ("how the game is played") and may indicate direction of new legislations. f) Actions or policies by a government that may adversely affect a Firm's operations and profits (e.g. confiscation, expropriation, or…
Question ThreeThe management of a supermarket wants to adopt a new promotional policy ofgiving free gift to every customer who spends more than a certain amount pervisit at this supermarket. The expectation of the management is that after thispromotional policy is advertised, the expenditure for all customers at thissupermarket will be normally distributed with mean 400 £ and a variance of900£2.1) If the management wants to give free gifts to at most 10% of the customers,what should the amount be above which a customer would receive a free gift?2) In a sample of 100 customers, what are the number of customers whoseexpenditure is between 420 £ and 485 £?3) What is a probability of selecting a customer whose expenditure is differ thanthe population mean expenditure by at most 50 £?4) What is the probability that the expenditure of the first customer exceeds theexpenditure of the second customer by at least 20 £?5) In a sample of 250, find the count that corresponds to the interquartile…
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QUESTION 1 Which of the following is a FALSE statement? A. The E-Sign Act completely prevents the use of electronic signatures for contracting on the Internet. B. If an employer wants to preserve the at-will employment status of his or her employees, the employer should insert disclaimers in its codes and handbooks that nothing therein can be construed to create an express or implied employment contract. C. A basic principle of the National Labor Relations Act is that employers cannot terminate employees in order to discourage or encourage union membership. D. “Going public” by a company offering to sell shares of stock to the public typically results in access to broader financial markets from which to obtain capital. QUESTION 2 1. The tort of assault and the tort of battery are: A. Two names for the exact same tort. B. Strict liability torts. C. Independent torts which can occur separately from one another. D. Require proof of each of the separate elements of negligence.…
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K2. CASE STUDY: Big drug firms generate profits by investing in R&D in the hope that they can discover new breakthrough solutions to medical problems. The process tends to be lengthy, often spanning many years, and fraught with risk as relatively few experimental drugs actually reach the commercial stage. Governments grant patent protection for a limited period to enable firms to recover their investment plus a financial return sufficient to compensate for risk. Absent continuous R&D reinvestment, existing products are subject to competition from generic drug manufacturers when patent protection expires. Big pharmaceutical companies have the option of reinvesting in their own R&D operations or partnering with or acquiring smaller biotech firms with drugs at various stages of development.76 With patent protection expiring for many of their primary cash-generating drugs, big pharmaceutical companies are aggressively pursuing biotech firms to help replenish their “drug…
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