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Gekata [30.6K]
3 years ago
13

Harvey is planning to file a case against a petrochemical giant that has a plant in his town. The petrochemical plant is dumping

toxic wastes into its surrounding areas. Harvey is mobilizing the residents of the town, all of whom have suffered from various health problems due to the activities of the plant. Which of the following would be of most help to Harvey and the other residents?
A. Affirmative defense
B. Class action
C. Demurrer
D. Directed verdict
Business
1 answer:
Lelechka [254]3 years ago
7 0

Answer:

B. Class action

Explanation:

In this scenario, Harvey is planning to file a case against a petrochemical giant that has a plant in his town because the petrochemical plant is dumping toxic wastes into its surrounding areas. Sequel to this, Harvey is mobilizing the residents of the town, all of whom have suffered from various health problems due to the activities of the plant.

Hence, a class action would be of most help to Harvey and the other residents.

In Law, a class action is a type of lawsuit in which a collective group of people (plaintiffs) having similar injuries or suffering similar damages caused by a particular company's product or action sue the defendant on behalf of a larger group. This simply means that, the group of people (plaintiffs) have a common interest as a result of sharing similar actions from an event.

<em>Hence, the larger group that is being represented by Harvey is referred to as the "class" in business law.</em>

<em>Additionally, it is required by law that the class attest to the fact that they were affected by the actions of the petrochemical plant (defendant). </em>

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The distribution of hourly sales for a local family owned store is normally distributed with a mean of $225 per hour and a stand
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Answer:  

The standard deviation of 75 dollars

Explanation:

Standard deviation, S.D.= 75 dollars; Mean, M= 225 dollars; Mean deviation, D= ?

S.D. = √ D² - M

∴ 75 = √ D² - 225

D² = 75² - 225 = 5625 + 225 = 5950

∴ D = √5950 = 24.4 dollars

From the above, it shows that, the standard deviation of 75 dollars contains the middle 95 percent of hourly sales.

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If interest rate on 1-year unsecured loan is 4.5%p.a. The inflation rate is 3.2% this year. What is the real interest rate?
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3 years ago
When a firm is in a constant-cost industry, a decrease in demand will result in economic __________ (losses or profits) . This w
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Answer: When a firm is in a constant-cost industry, a decrease in demand will result in economic <u>losses.</u> This will cause <u>exit from</u> the industry, resulting in <u>a decrease</u> in supply over time. This long-run adjustment eventually cause the price level to <u>decrease</u> so that it eventually <u>occur at a higher level than</u> before the demand shift. There will be firms <u>fewer</u> in the industry. The long-run industry supply curve will be <u>downward shifting.</u>

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3 years ago
The units of an item available for sale during the year were as follows: Jan. 1 Inventory 2,500 units at $5 Feb. 17 Purchase 3,3
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Answer:

The answers are:

A) Using FIFO, the inventory cost is $11,700

B) Using LIFO, the inventory cost is $7,500

C) Using ACV, the inventory cost is $9,435

Explanation:

<u>Date</u>              <u>Units purchased</u>     <u>Unit price</u>         <u>Total purchase</u>

Jan. 1              2,500 units            $5 per unit           $12,500

Feb. 17            3,300 units            $6 per unit           $19,800

July 21            3,000 units            $7 per unit           $21,000

Nov. 23          1,200 units             $8 per unit           $9,600

TOTAL           10,000 units                                        $62,900

At December 31, 1,500 units were left in the physical inventory

  • Using FIFO, the inventory cost is $11,700 [= (1,200 units x $8 per unit) + (300 units x $7 per unit)]
  • Using LIFO, the inventory cost is $7,500 (= 1,500 units x $5 per unit)
  • Using ACV, the inventory cost is $9,435 [= ($62,900 / 10,000 units) x 1,500 units]
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3 years ago
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Answer:

$148 F

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Calculation to determine what The spending variance for catering supplies in December would be closest to:

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[$550 + ($104 * 7) + ($20 * 121)]

Less Actual results $3,550

Spending variance $148 F

Therefore The spending variance for catering supplies in December would be closest to: 148 F

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2 years ago
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