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Nina [5.8K]
3 years ago
5

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. He acted in good faith by conducting due diligence and acting accordingly, under anunclear law.b. Marshall owns and operates a construction firm.c. He uses inexpensive and low-gradebuilding products and accepts inferior carpentry work from his subcontractors.d. Nevertheless, Marshall complies with all the city building codes as well as all state and federal laws.
Business
1 answer:
Andreyy893 years ago
8 0

Answer:

The answer is "Option a"

Explanation:

In the given question only "option a" is correct, which can be described as follows:

  • He is the owner and managing director of an organization and recently he introduced media attention initiatives to encourage a specific app controlled by federal law.
  • Its law is rather ambiguous. He reviewed the relevant law before starting the initiative and met with his counsel in an attempt to comply with the rule. Even so, this state attorney general's office also filed a suit against him after misleading publicity.
  • He provides the best defense, which acted in good faith with proper research and in line with an unspecified rule.
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Monopolies are bad; patents give firms monopoly;therefore, patents are bad. true of false? why?
TEA [102]

The answer is true. A monopoly is where a company, a group or individual has the power of controlling or possessing supply or trade while patent is where the government provides authority or license. If the monopoly is considered to be bad, the patent will also be bad as it is associated with a particular thing that has a purpose of doing bad since a patent is the agreement, the patent is likely to allow the monopoly do something that is bad or illegal as monopoly has the purpose of doing something bad. 

4 0
3 years ago
Ahrends Corporation makes 59,000 units per year of a part it uses in the products it manufactures. The unit product cost of this
AysviL [449]

Answer: $66.90 per unit

Explanation:

Cost that would be avoided is:

= Direct materials + Direct cost + Variable manufacturing overhead + part of fixed manufacturing overhead

= 20.80 + 26.50 + 6.90 + (36.10 - 31.40)

= $58.90

If the outside supplier commits to 59,000 units a year, the company should not pay more than:

= (Number of units supplied * Avoidable cost + contribution margin on other product (opportunity cost) ) / Number of units supplied

= (59,000 * 58.90 + 472,000) / 59,000

= $66.90 per unit

8 0
3 years ago
An elderly physician has built up his own practice into a quite valuable business. Now that he is thinking of retiring, he wants
inn [45]

Answer:

No

Explanation:

Tehe Overlapping tenure for the retiring and new physicians tends to increase the transfer of practice specific knowledge.  The profit sharing with the new physician increases her incentives to maximize profits but since the sale price is a multiple of the profits during this 3 year, the new physician has an incentive to shirk to keep the profits low. it would be better to use a multiple of profits from the period before she began this probation.

7 0
3 years ago
A statistic is said to be unbiased if:
neonofarm [45]
B. The mean of its sampling distribution is equal to the true value of the parameter being estimated
5 0
3 years ago
Beverly Company has determined a standard variable overhead rate of $3.10 per direct labor hour and expects to incur 0.50 labor
Damm [24]

Answer:

Variable overhead rate variance = $ 875 favorable

Variable overhead efficiency variance = $ 4,185 favorable

Variable overhead cost variance = $5,060 Favorable

Explanation:

Standard hours = 1 hr x 2600 units = 2600 hours

Standard rate = $3.10

Actual hours = 1,250 hours

Actual rate = $2.40

Variable overhead rate variance =  ( Standard Rate - Actual Rate ) x Actual Hrs

=  ( $ 3.10 - $2.40 ) x 1250 Hrs

= $0.7 x 1250

=$ 875 favorable

Variable overhead efficiency variance = (Standard hours - Actual hours) x Standard Rate

= (2600 - 1250 ) x $ 3.10

= $ 4,185 favorable

Variable overhead spending variance = Variable overhead rate variance +  Variable overhead efficiency variance

= $875 + $4,185

= $ 5,060 favorable

Variable overhead cost variance = Standard cost - Actual Cost

= (2600 X 3.10) - (1250 X 2.40) = 8,060 - 3000

= $5,060 Favorable

5 0
2 years ago
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