The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Videos
Textbook Question
Chapter 25, Problem 4BCP
Superfund. A by-product of phosphate fertilizer production is pyrite waste, which contains arsenic and lead. From
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Global Crossing
The company was founded in 1997 to provide a trans-Atlantic cable to carry telephone and data traffic. Using high-bandwidth optical fiber, the company was able to sell capacity at less than half the price of existing competitors. After six months of operations, Global Crossing offered stock to the public, and the resulting price valued the firm at an astounding $19 billion. Six months later it was valued at $38 billion, more than the Ford Motor Company.
The cable technology was not proprietary and data-carrying capacity was a commodity. That meant that customers could easily switch from one supplier to another, putting them in a powerful bargaining position. Furthermore, customers were price-sensitive. Even worse, the threat of entry was high, and other companies were entering the business, fueled by easy financing. High fixed costs but near-zero marginal costs (the cost to carry one more piece of data) led to fierce price competition within the industry. As new…
Widget Corporation is the manufacturer of many popular children’s toys but have seen a great decrease in sales and the board of directors is worried that the business may no longer be viable. The board decides to aggressively sue other toy manufacturers that have likely been infringing on Widget’s intellectual property, enter into a joint venture with a another company to build a new factory to reduce costs, and make large and notable donations to children hospitals as part of a PR campaign to raise the corporation's image. Additionally, the board decides to start manufacturing medical equipment to make up for the projected shortfalls in budget, even though the corporation was formed to make toys. Some shareholders are upset and sue the board of directors.
(a) Which of the board’s actions fall into their express power and which are their implied power? Please explain why the actions would be categorized that way.
(b) Would the ultra vires doctrine play a role in the shareholders suit…
51. International Products, a Burlington, New Jersey, firm that sells industrial cleansers and lubricants wanted to sell its product to factories, hospitals and labs in China, but it did not have the necessary expertise. As a result, International Products hired Asia Marketing & Management to sell, stock and deliver a full assortment of products to the Chinese market. Asia Marketing & Management is an example of a(n) __________. a) agent b) wholesaler c) disintermediary d) retailer e) industrial distributor 52. Industrial distributors perform functions that are most like which intermediary in the consumer goods marketing channel? a) Manufacturers b) Retailers c) Agents d) Wholesalers e) Brokers 53. .machinetools.com/”>MachineTools.com sells grinders, boring mills and engine lathes. The website has listed goods from over 700 machinery manufacturers, 2,500 distributors of new equipment and 650 dealers of used inventory for sale at the website.…
Chapter 25 Solutions
The Legal Environment of Business: Text and Cases (MindTap Course List)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- E-Z-Rest Motel is a motel with 216 rooms located in the center of a large city in State Y. It is readily accessible from two interstate highways and three major State highways. The motel advertises in several travel magazines and approximately 40% of its registered guests are from outside of State Y. An action under the Federal Civil Rghts Act has been brought against E-Z-Rest Motel alleging that the motel discriminates on the basis of race and color. The motel contends that the statute cannot be applied to it because it is not engaged in interstate commerce. Can the Federal government regulate this activity under the Commerce Clause? Why? Be sure to explain yourarrow_forwardProfessor James Adjei was Coordinator of MBA Finance at the School of Graduate studies of the University ofProfessional Studies, Accra. During the admissions process for the 2017/2018 academic year, his wife appliedand gained admission to pursue MBA Finance at the same school. During the course of her studies, her husbandfacilitated the teaching and learning as well as the administration of all end of semester examinations for theprogramme.Unknown to the Management of the University, Mrs. Adjei enrolled and eventually graduated as the bestgraduating student among her cohorts. When Management of the University received information about thisunusual development, they instituted a comprehensive systems audit and an investigation into the circumstancesleading to the eventual emergence of Mrs. Cate Adjei as the best graduating student on the programme.Professor Adjei was granted full hearing to explain what transpired during the period of the wife’s studies. Hedefended that he worked…arrow_forwardIn 1923, DuPont was granted the exclusive right to make and sell cellophane in North America. In 1927, the company introduced a moisture-proof brand of cello- phane that was ideal for various wrapping needs. Although more expensive than most competing wrapping, it offered a desired combination of transparency, strength, and cost. Except for its permeability to gases, however, cellophane had no qualities that a number of competing materials did not possess as well. Cellophane sales increased dramatically, and by 1950, DuPont produced almost 75 percent of the cellophane sold in the United States. Nevertheless, sales of the material constituted less than 20 percent of the sales of “flexible packaging materials.” The United States brought an action, contending that by so dominating cellophane production, DuPont had monopolized a part of trade or commerce in violation of the Sherman Act. DuPont argued that it had not monopolized because it did not have the power to control the price of…arrow_forward
- For the scenario below, determine the legality of the company's actions. Wreckorp wants to maintain an exclusivity image for its product line of sports equipment. It limits its distribution to 100 stores in each region. Impossible to determine legality based on the information provided Strictly Legal Strictly Illegalarrow_forwardPenny is seen organizing racks at a local clothing store one day while she shops, and the manager offers her a job. The next day, Penny’s boss from the clothing store across the street comes in and accuses the manager of trying to interfere with Penny’s non-competition agreement. Which of the following is true? The manager has done nothing wrong because non-competition agreements are never used in clothing retail. The manager is guilty of interference with a business relationship. The manager has interfered with a contractual relationship and will be liable for interfering with a contractual relationship. The manager has done nothing wrong because she did not know about the non-competition agreement.arrow_forwardBishop Logging Company is a large, family-owned logging contractor formed in the Lowcountry of South Carolina. Bishop Logging has traditionally harvested pine timber. However, Bishop Logging began investigating the feasibility of a fully mechanized hardwood swamp logging operation when its main customer, Stone Container Corporation, decided to expand hardwood production. In anticipating an increased demand for hardwood in conjunction with the operation of a new paper machine, Stone Container requested that Bishop Logging harvest and supply hardwood for processing at its mill. In South Carolina, most suitable hardwood is located deep in the swamplands. Because of the high accident risk in the swamp, Bishop Logging did not want to harvest hardwood by the conventional method of manual felling of trees. Because Bishop Logging had already been successful in its totally mechanized pine logging operation, it began a search for improved methods of hardwood swamp logging centered on mechanizing…arrow_forward
- Corporate Social Responsibility has been defined as a “firm’s intelligent and objective concern for the welfare of society; such concern should entail a firm contributing to human betterment, by using its profit to address issues of concern to society and/or a firm to restraining from behaviour and activities that are harmful to society, no matter how immediately profitable such behaviour or activities might be”. Required: Describe the relationship between strategy and corporate social responsibility Explain how a firm’s cooperation in matters of taxes, bribery and corruption may constitute corporate social responsibilityarrow_forwardChapter 9. TechConsult Projects Ltd provides technical services to various small businesses in the San Antonio area. They have four technicians available to schedule and Tech1 can work for 150 hours, Tech2 can work for 100 hours, Tech3 can work for 200 hours, and Tech4 can work for 100 hours in the next month. Four clients are seeking technical services from the company and Client 1 requires 120 hours, Client 2 requires 125 hours, Client 3 requires 140 hours and Client 4 requires 165 hours of technical support in the next month. The billing rates for the technicians are based on the type of work each client project requires and the skills they have. The rates in dollars per hour are as follows. Based on the E-clips example from the textbook, you can see that this is an assignment problem because the goal of TechConsult is to maximize their billing for the month. Create a network, a linear program, and find the optimal values of the hours that each technician should be assigned for each…arrow_forwardChapter 9. TechConsult Projects Ltd provides technical services to various small businesses in the San Antonio area. They have four technicians available to schedule and Tech1 can work for 150 hours, Tech2 can work for 100 hours, Tech3 can work for 200 hours, and Tech4 can work for 100 hours in the next month. Four clients are seeking technical services from the company and Client 1 requires 120 hours, Client 2 requires 125 hours, Client 3 requires 140 hours and Client 4 requires 165 hours of technical support in the next month. The billing rates for the technicians are based on the type of work each client project requires and the skills they have. The rates in dollars per hour are as follows. Based on the E-clips example from the textbook, you can see that this is an assignment problem because the goal of TechConsult is to maximize their billing for the month. Create a network, a linear program, and find the optimal values of the hours that each technician should be assigned for each…arrow_forward
- Chapter 9. TechConsult Projects Ltd provides technical services to various small businesses in the San Antonio area. They have four technicians available to schedule and Tech1 can work for 160 hours, Tech2 can work for 100 hours, Tech3 can work for 160 hours, and Tech4 can work for 120 hours in the next month. Four clients are seeking technical services from the company and Client 1 requires 120 hours, Client 2 requires 120 hours, Client 3 requires 140 hours and Client 4 requires 160 hours of technical support in the next month. The billing rates for the technicians are based on the type of work each client project requires and the skills they have. The rates in dollars per hour are as follows. Based on the E-clips example from the textbook, you can see that this is an assignment problem because the goal of TechConsult is to maximize their billing for the month. Create a network, a linear program, and find the optimal values of the hours that each technician should be assigned for each…arrow_forwardIn January 2016 Ben Sisko bought a “Quark's Burgers” franchise in Montana. Quark's Burgers has over 100 franchisees, and its franchise agreement states that all franchisees must offer menu items as directed by Quark's Burgers, and that the failure to do so could result in the immediate termination of the franchise. Ben bought the franchise because he was a vegetarian, and its menu was free of meat products. In addition, Ben's religion forbids the eating of any meat products. Ben's franchise was very successful, and every year he received an award from Quark's Burgers for being one of the top 10% of its franchisees. In April 2019 Quark's Burgers changed its menu; among the changes included breakfast sandwiches with bacon, ham, or sausage. Ben refused to sell these items at his store on the ground that his religion forbids the eating of pork products. In January 2020 Ben opened a second franchise, at which he also refused to sell products with meat products. Ben's franchises…arrow_forwardINCOME TAXATION - PHILIPPINES The City of Manila, claiming that it can impose taxes under the Local Government Code, imposed a tax on banks (in addition to the percentage tax on banks imposed in the National Internal Revenue Code) The banks within the City of Manila objected for the various reasons given below. Which would justify the objection of the banks?arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
BUSN 11 Introduction to Business Student EditionBusinessISBN:9781337407137Author:KellyPublisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...BusinessISBN:9781337386494Author:Mary Ellen Guffey, Dana LoewyPublisher:Cengage Learning
Accounting Information Systems (14th Edition)BusinessISBN:9780134474021Author:Marshall B. Romney, Paul J. SteinbartPublisher:PEARSON
International Business: Competing in the Global M...BusinessISBN:9781259929441Author:Charles W. L. Hill Dr, G. Tomas M. HultPublisher:McGraw-Hill Education
BUSN 11 Introduction to Business Student Edition
Business
ISBN:9781337407137
Author:Kelly
Publisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...
Business
ISBN:9781337386494
Author:Mary Ellen Guffey, Dana Loewy
Publisher:Cengage Learning
Accounting Information Systems (14th Edition)
Business
ISBN:9780134474021
Author:Marshall B. Romney, Paul J. Steinbart
Publisher:PEARSON
International Business: Competing in the Global M...
Business
ISBN:9781259929441
Author:Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher:McGraw-Hill Education
What are administratve agencies; Author: The Business Professor;https://www.youtube.com/watch?v=dhAt9vBlv9A;License: Standard Youtube License
Linear Programming - Graphical Solution; Author: Don't Memorise;https://www.youtube.com/watch?v=qQFAvPF2OSI;License: Standard YouTube License, CC-BY