Reference no: EM131375112
1. During a meeting to discuss ways to cut costs on benefit packages, the vice president of the company, Harold, suggests getting long-term disability insurance for all employees. Alexis, HR manager, disagrees with him stating that short-term disability coverage is more advantageous. Which of the following supports Alexis' statement? a. Long-term disability coverage does not have any limits on the amount to be paid each month to employees b. Short-term disability coverage is offered by few employers, which leads to a competitive advantage c. Short-term disability plans limit maximum coverage in a month, which makes them more affordable for the company d. The nature of work is such that the level of risk involved is high and injuries could be permanent Mac and Rhamad signed a business contract with a clause that provides that if a dispute arises they must submit to binding arbitration to resolve the dispute. After they had been doing business together for a year, a dispute arose under the terms of the contract. Rather than submit to arbitration, Mac filed a lawsuit against Rhamad. Most likely the court will:
a) Hear the lawsuit because Mac cannot be compelled to submit to arbitration; he is constitutionally entitled to a jury trial if he requests a trial.
b) Conduct a hearing, then order a remedy without compelling Mac to submit to arbitration or to a jury trial.
c) Compel Mac to submit to arbitration to resolve the dispute.
d) Hear the lawsuit in a trial, then compel Mac to submit to arbitration, if Mac is not satisfied with the trial decision.
2. Assume a salesperson intentionally made one of the following statements - knowing that the statement was false - to a customer considering a purchase. Which statement could create liability for fraudulent misrepresentation if the customer made the purchase?
a) “In my opinion, this car is in flawless mechanical condition.”
b) “This crane will probably lift about 10,000 pounds.”
c) “This car is a real gem.”
d) “This is an original painting by the artist, Pablo Picasso.”
Determine the product cost for products
: A manufacturing company makes three products, A, B, and C. The fixed FO is $60,000, consisting of $10,000 for material handling, material waste, and procurement; $30,000 for rent and utilities; and $20,000 for safety and canteen costs. Other costs ar..
|
Early stages of industrial development
: Some foreign countries, particularly those in the early stages of industrial development, are known to illegally copy product designs and technologies that originated from developed countries. What are the best ways for small businesses to protect th..
|
What are some of the fundamental marketing concepts
: What are some of the fundamental marketing concepts? How has marketing management changed? We focused on the issue of Health Care Quality. Discuss some components of health quality health care and some proposals for improving quality and whether you ..
|
Exceptional employee with low pay will benefit
: Alex, a researcher, claims that an exceptional employee with low pay will benefit more than his or her co-workers, who receive significantly better pay but perform below expectations, in a merit pay system. Which of the following statements strengthe..
|
Create liability for fraudulent misrepresentation
: During a meeting to discuss ways to cut costs on benefit packages, the vice president of the company, Harold, suggests getting long-term disability insurance for all employees. Assume a salesperson intentionally made one of the following statements -..
|
Define an ordinary annuity
: Define an ordinary annuity. When do you focus on Quantity as a strategy? And, when do you focus on Quality as a strategy? How do you know that a strategy is sound? When would it make sense to use a flexible budget as compared to a forecast budget? (H..
|
Security and the environment and fundamental rules
: BP's code of conduct includes this: "health, safety, security and the environment—fundamental rules and guidance to help us protect the natural environment, the safety of the communities in which we operate, and the health, safety and security of our..
|
About employees religious beliefs and practices
: Do you think organizations should be asking about employee’s religious beliefs and practices? If not, how can they accommodate religion as mandated by U.S. law? What do you believe generates most Equal Employment Opportunity Commission claims, and ho..
|
Which cases transaction could be considered legally binding
: AMC, Inc.’s board of directors have appointed Mr. Ahmed to be the Chief Financial Officer (CFO) of the corporation. The directors declared this appointment during a welcoming corporate dinner in AMC, Inc.’s head office. Can third party rely on the fa..
|