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zmey [24]
2 years ago
5

In the _______ case, the U.S. Supreme Court held that the FAA applies to arbitration clauses contained in employment contracts e

ven when an employee brings suit against an employer for violating federal anti-discrimination laws.
Business
1 answer:
vekshin12 years ago
8 0

The answer is Gilmer v. Interstate.

Some facts of this case includes:

  • After working for Defendant Interstate for six years, Plaintiff Gilmer was let go.
  • Gilmer, the plaintiff, asserted that he was fired due to his age in a complaint for age discrimination with the Equal Employment Opportunity Commission (EEOC) and a lawsuit against the defendant under the Age Discrimination in Employment Act (ADEA).
  • Plaintiff Gilmer signed an agreement when he submitted his registration application to the New York Stock Exchange, which said the Plaintiff committed to arbitrate any disagreement with the defendant.
  • Defendant Interstate then filed a request to compel arbitration, citing this agreement.
  • According to Alexander v. Gardner-Denver Co., the district court rejected Defendant Interstate's request to compel arbitration and held that Congress did not intend to limit ADEA claimants' legal recourse.

Hence, In the Gilmer v. Interstate case, the U.S. Supreme Court held that the FAA applies to arbitration clauses contained in employment contracts even when an employee brings suit against an employer for violating federal anti-discrimination laws.

Learn more about discrimination laws:

brainly.com/question/12391551

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A stock has an expected return of 15.1 percent, the risk-free rate is 5.95 percent, and the market risk premium is 7.8 percent.
horsena [70]

Answer:

1.17%

Explanation:

Expected return is 15.1 %

Risk free rate is 5.95 %

Market risk premium is 7.8%

Therefore the beta can be calculated as follows

Expected return= risk free rate + (beta×market risk premium)

15.1%= 5.95% + (beta × 7.8%)

15.1%-5.95%= 7.8% beta

9.15%= 7.8% beta

beta= 9.15%/7.8%

beta= 1.17%

6 0
3 years ago
Earl and Mary form Crow Corporation. Earl transfers property, basis of $200,000 and value of $1,600,000, for 50 shares in Crow C
barxatty [35]

Answer: The correct answer is "c.Crow will have a business deduction of $120,000 for the value of the services Mary will render.".

Explanation: With respect to the transfers: Crow will have a business deduction of $120,000 for the value of the services Mary will render.

This is calculated by the difference between the value of the property contributed by Earl $1 600 000 and the value of the property contributed by Mary $1 480 000.

1 600 000 - 1 480 000 = $ 120 000.

4 0
4 years ago
Spicy Dish, a large distributor of canned beans and salsa, is organized into four business units: (1) North America Salsa, (2) N
tatyana61 [14]

The options in this question are missing; here is the missing section:

What two types of departmentalization are illustrated in this example?

A. Product and customer

B. Product and geographical

C. Customer and geographical

D. Functional and customer

E. Geographical and functional

The answer to this question is B. Product and geographical

Explanation:

Departmentalization refers to the creation of departments, units, etc. in businesses to better achieve goals and distribute roles and activities. This can be based on location, products, function, etc.

In the case of Spicy Dish, there is a clear geographical departmentalization because this distributor has created units based on location, due to this, the company has a unit in each major geographical region such as North America, Europe, etc. Moreover, this company has created units based on products because in North America they created two different units and each specializes in one of their products (beans/salsa.)

3 0
4 years ago
General Discussion Questions What should business leaders take away from this scandal? What could Wells Fargo have done differen
Vesna [10]

Answer:

From this scandal, business leaders should learn to:

(a) not encourage unethical practices directly or indirectly among employees.

(b) not set unrealistic targets for employees to achieve within an unrealistic time-frame.

(c) Institute measures to prevent unethical practices.

(d) Encourage honest employees to grow in the company.

(e) Honor adherence to regulatory framework as applicable to the company.

Wells Fargo could have done differently in these manner:

(a) When the first incident of aggressive sales practice was reported in year 2004 with identified incidents from year 2002, they could have instituted measures to prevent recurrence of such incidents. Some of the practical and workable measures are enumerated in succeeding paragraphs.

(b) Convene a meeting of senior managers to provide them with appropriate guidelines so as not to repeat such incidents.

(c) Instruct senior managers to advise their juniors to refrain from any such aggressive sales practices.

(d) Investigate to determine the extent of impact of aggressive sales practices as on 2004 and take remedial actions against those who are engaged in such activities.

(e) Promote the whistle-blower method of instantaneous reporting of an incident by anyone who has witnessed such an incident.

(f) Reward employees having honesty, integrity and moral values.

Practice of Ethical Leadership Questions

CEO John Stumpf’s model was to aggressively cross-sell products by any means. While leading the bank in doing so, he had compromised on the minimum value system that any financial institution or any company must adhere to. The cultural impact that had on Wells Fargo is listed below:

(a) Employees were pressurized for resorting to unethical practices.

(b) Employees reporting matters on unethical practices were punished.

(c) The performance management/ measurement system, in effect, encouraged dishonesty in employees.

(d) The compensation system was skewed in favor of bonus.

(e) Since, the supervisors pressurized employees, the structural dishonesty within the organization was evident.

Leaders can encourage ethical behavior in their organization in the following manner:

(a) Demonstrate personal ethics in their words and actions.

(b) Instruct senior managers to strictly adhere to the ethical norms to be followed.

(c) Instruct senior managers to communicate company’s ethical agenda to the supervisors/ other junior employees within their departments/ sections.(d) Monitor adherence to / violation of ethical practices on a regular basis.(e) Institute immediate remedial measures to prevent recurrence of any unethical practice.

(f) Encourage employees to report incidents of unethical practices.

(g) Reward honest and hardworking employees.

Well Fargo’s system of ensuring Ethical System within the bank, such as ethics hotline to report unethical behavior did not work because, the top management, led by the CEO did not pay any importance to prevention of unethical practices. Rather, they steered in an organized and structured manner to promote unethical practices.

Leaders can take the following steps to design systems that encourage ethical behavior:

(a) The top leaders must “think ethics”, “speak ethics” and “act ethics”. This is the top most fundamental step in the direction of designing systems to encourage ethical behavior.

(b) Matters on “what is ethical and what is not ethical” must be circulated across the organization.

(c) Periodic briefing must take place from the top management to the junior most employees in a structured and organized manner.

(d) Encouragement on reporting (whistle-blowing) incidents of unethical practices must be given.

(e) System of rewarding honest and hardworking employees must be put in place.

3 0
4 years ago
You have recently been hired as the operations manager by a small, but growing distributor for industrial products. After your f
Tamiku [17]

Answer:

An important issue to address because the new ratio suggests the product sales of these strategically important products has slowed significantly.

Explanation:

Since in the question it is mentioned that the inventory turnover ratio would be decreased from 6 to 2 so here this means that the new ratio would be significant for that products who has fall significantly as there is a more inventory as compared with the sales of the company

Also the inventory turnover ratio represents the problem that show the fall in the sales & overstocking

6 0
3 years ago
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