Explanation:
The railroad felt that the demand for passenger service was inelastic and opponents of the rate increase felt it was inelastic.
Inelastic demand is used in economics to give the idea that consumers buy or use same amount of the product irrespective of the increase or decrease in the price of the product.
So in this situation, the opponent wanted to say that same number of people will travel by rail no matter if the price of the tickets will increase or decrease. The passenger service will be inelastic.
So the answer is "the railroad felt that the demand for passenger service was inelastic and opponents of the rate increase felt it was inelastic".
D. All of the above I had this question on a test of mine recently and it was correct
Answer:
Loch Ness or (Nessie as its nickname) would need to have a small head, long and slender neck, broad turtle-like body, a short tail, and two pairs of large, elongated paddles to be considered a plesiosaur
Answer:
E. Laws were clearly broken
Explanation:
The cases of Enron and Madoff goes beyond ethics, because both of them are fully aware of their unethical behavior.
As for Madoff, he knowingly accept large sum of money from his unsuspecting investors, with the knowledge that he is not going to use their money for any legitimate investment, rather than a ponzi scheme which is considered as illegal. Bernie Madoff, was only conducting illegal business knowingly, by defrauding his clients for about $65 billion. He later pleaded guilty to 11 charges, some of which are:
Securities fraud, mail fraud, wire fraud, money laundering, theft from an employee benefit plan etc.
As for Enron, the company was also unethically practicing accounting fraud to cover for their illegal ways of feeding off from their unsuspecting stakeholders who had invested a huge amount of money of about $74 billions into the scheme.
No matter what kind of civil case you're involved in, once a lawsuit is filed, the court will typically issue a scheduling order that includes a date by which all discovery must be completed. "Discovery" is a legal term of art that consists of several tools that are used to uncover facts relevant to the various claims and defenses at issue in the case. The parties in a lawsuit<span> engage in discovery so that they can be properly prepared for trial, and avoid surprises that can adversely affect the outcome of the case. Let's look at the different kinds of discovery, and how discovery-related disputes might be resolved.</span>
