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mestny [16]
3 years ago
15

Ted is the owner and chief executive officer of a business. He recently began an advertising campaign to promote a new product t

hat is regulated by state law. The law is somewhat unclear. Before launching the campaign, he researched the relevant law and consulted with his attorney in an effort to comply with the law. Nevertheless, the attorney general of his state has filed a lawsuit against him for deceptive advertising. Ted's best defense is that:
a. his firm made a profit on the product.b. he acted in good faith.c. his attorney was incompetent.d. the law is unfair.
Business
1 answer:
irga5000 [103]3 years ago
3 0

Answer:

Option B- He acted in good faith.

Explanation:

The person who is trading with the other party owes the duty of care which is well stated in the negligence act. However in this case we saw that though the law was unclear but still the CEO acted in best interest of the public at large by consulting the attorney to shed light on the issue. Remember law is ethically minimum that is desired but in this situation the CEO was committed to comply with law that's why he consulted attorney. So saying that he acted in good faith is the best defense in the court.

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Positive courteous language helps to promote effective relationship and encourage people to assist in difficult situations.

3 0
3 years ago
In order to be the basis for a firm's superior performance, a bundle of resources must be valuable, rare, and imitable.
frozen [14]

Answer:

The statement is: False.

Explanation:

A bundle of resources has three characteristics: valuable (<em>the resource helps the company to pursue its objectives and is priceless for consumers</em>), rare (<em>limited competition</em>), and inimitable (<em>resource is not easy to reproduce by the firm's closest competitors or imitating it is expensive</em>).

Being<em> imitable </em>is the opposite of what a bundle of resources should be.

7 0
4 years ago
Dalton, georgia has developed into a leading producer of carpets, despite its small size. what is the reason for dalton's compar
Elanso [62]
It is the improvement of Superior Process Technology. The hypothesis is that in the cutting edge world, rather than other assembling enterprises, an organization's net revenue frequently increments with each extra client. Expanding return financial matters guarantees that as a result of a putative size preferred standpoint, the early market pioneer will have the capacity to pound late landings by cutting costs.
6 0
4 years ago
The statement made by Lynn Turner, former SEC chief accountant, "Are the auditors going to serve management, or are they going t
Brrunno [24]

Answer:

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Explanation:

  • As a professional service rather than partnership presents a condition that may impede the implementation including its independent review-this statement generates possible interest confliction as the impairment of the conclusion of the investigation contributes to the violation of conduct.
  • A professional service produces a condition that may well compromise impartial judgment - The journalistic integrity of an external auditor should not be compromised according to the standard prohibition claim. This can then cause friction.

So that the given statement refers to the above solution.

8 0
3 years ago
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lozanna [386]

Answer:

multiplier effect

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Based on the information provided within the question it can be said that this sequence of events illustrates the concept of a multiplier effect. In the context of economy, this effect demonstrates the increase in national income and consumption when an economy experiences an increase in spending. Such as is demonstrated in the scenario, as the government buys the weapons it causes a chain of spending which allows money to flow and reach employees who receive that money as income and also spend more.

5 0
4 years ago
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