Marty mad is an employee of big box

Assignment Help Microeconomics
Reference no: EM13700226

Discussion Question 1 - Agency
Marty Mad is an employee of Big Box. When Marty was hired, Big Box was in a jam to get more workers, so it did not do a background check. Marty works as a stocker and occasionally as a checker.
One night, Marty is furious at his supervisor for refusing his vacation request. He storms to his checkout line, still upset, and begins to help a customer by slamming groceries into the bags, throwing items in the cart, and yelling at the customer to hurry and pay. When the customer asks, "What is wrong?" Marty punches the customer in the arm and pushes the cart into the customer's stomach with such force that the customer falls to the floor injured.
A. The customer sues Big Box. You review the facts and Marty's employment file. Since there was no background check, you order one and find that Marty does not have a criminal record. Discuss whether you believe Big Box is liable.
B. Now suppose that Marty is so mad (after hearing that his vacation request was denied) that instead of reporting to the checkout line, he runs out of the building and purposely knocks down the kids bikes on display out front as he heads for his car. Several of the bikes fall on a child who was looking at the bikes. The child's parents sue the store. Discuss whether you believe Big Box is liable.

Discussion Question 2 - Business Entities

Based upon your readings in Chapter 28 and the hypothetical above with Marty Mad, pretend that you want to open your own small business. You will need to hire several part time and full time employees. What kind of business entity would you select given the need for employees? Explain. Do your readings this week deter you from owning a business?

Discussion Question 3 - Business Entities and Partnerships
Most students are unaware of the various kinds of business entities partnerships, and the legal distinctions. Given what you've read this week, share with the class at least 3 different things you've learned and how this will help you with your professional or personal life. Place terms in ALL CAPITAL.

400 words for each of the discussion.

Reference no: EM13700226

Questions Cloud

Expenditures compared to the option of raising prices : What do you believe are the opportunity costs of reducing expenditures compared to the option of raising prices?
Provides enough incentive so that the agent does not shirk : Which of the following terms best describes a contract that guarantees an agent some payment, but provides enough incentive so that the agent does not shirk?
Why is an attitude standard an important tool for supervisor : Why is an attitude standard an important tool for supervisors to use and include in employee orientations and performance appraisals 600word?List and explain five guiding principles for supporting employee motivation. Provide examples to support..
Sarahs labor supply curve is upward sloping : Sarah is awake for 100 hours per week. Using one diagram, show Sarah's budget constraints if she earns $6 per hour, $8 per hour, and $10 per hour. Now draw indifference curves such that Sarah's labor supply curve is upward sloping when the wage is be..
Marty mad is an employee of big box : Marty Mad is an employee of Big Box. When Marty was hired, Big Box was in a jam to get more workers, so it did not do a background check. Marty works as a stocker and occasionally as a checker.
Discuss the multiplier effect it had on the economy : Referring to the 10-year historical period 1980-1990 discuss an example of a change in autonomous spending. Researches a government policy implemented during that time and discuss the multiplier effect it had on the economy.
Marginal physical product is decreasing with input : If marginal physical product is decreasing with additional input, marginal value product will be
Relationship between scarcity-choice and opportunity cost : Explain the relationship between scarcity, choice and opportunity cost.
What are the marginal propensity to consume : i. What are the marginal propensity to consume, the marginal tax rate, and the marginal propensity to import? ii. What is the saving function? What is the marginal propensity to save?

Reviews

Write a Review

Microeconomics Questions & Answers

  Find the marginal revenue for quantities that you can

suppose the market for a certain pharmaceutical drug consists of domestic united states consumers and foreign

  If people behave according to rational expectations theory

If people behave according to rational expectations theory, people would expect the rate of inflation this year to be:

  What can you say about the price elasticity of demand of

suppose the price of widgets falls from 7 to 5 and consumption of widgets rises from 15 widgets a month to 25 widgets.

  Considertable 632 in the 2008 u.s. statistical abstract

ConsiderTable 632 in the 2008 U.S. Statistical Abstract.

  What happens to social welfare

What happens to social welfare (the sum of consumer surplus and producer profit) as a result of the threat of entry in this market? What happens to equilibrium price? What might this imply about the role of potential competition in limiting market..

  Note assume that there are no excess reserves

Assume that bank deposits (D) are $3,200 billion, the required reserve ratio is 10%, and currency in circulation is $400 billion. What can the Fed do (in terms of open market operations) to lower the money supply by $100 billion? Explain. (Note assum..

  1 which of the following appears as a positive item on the

1. which of the following appears as a positive item on the balance of payments account for the united states?u.s.

  Marginal-cost curve lies below the marginal-revenue curve

Assume that for a perfectly competitive firm marginal revenue equals rising marginal cost at 100 units of output. At this output level, the firm's total fixed cost is $600 and its total variable cost is $400. If the price of the product is $10 per un..

  Draw a graph showing the market equilibrium

What are the equilibrium price and quantity? How much revenue do kumquat producers receive when the market is in equilibrium? Draw a graph showing the market equilibrium and the area representing the revenue received by kumquat producers.

  Describe role that organizational learning and creativity

the quality of organizational decision making ultimately depends on innovative responses to opportunities and threats.

  Pricing and price competition account for the number one

Pricing and price competition account for the number one problem facing many marketing executives. What are some of the frequent problems that companies encounter?

  Suppose that current production rate are maintained at

the blair companys three assembly plants are located in california georgia and new jersey. previously the company

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd