четверг, 25 февраля 2016 г.

FIN 590 Week 4 Midterm Exam


1. (TCO A) Real estate is an appropriate investment vehicle for
2. (TCO A) Demand for real estate, as a factor in the production of a final product, is
3. (TCO A) In traditional city patterns, the highest land use density is found in
4. (TCO A) Bid-rent curves
5. (TCO A,B,C) To forecast future benefits from a proposed venture, which of the following should be considered?
6. (TCO A,B,C) A shopping center's trade area is
7. (TCO A,B,C) A property's desirability, relative to competing properties, is influenced by all of the following except
8. (TCO A,B,C) In real estate investment analysis, capitalization rates
9. (TCO A,B,C) The difference between the rate of return on assets and the cost of borrowing is the
10. (TCO A,B,C) The debt coverage ratio is the relationship between
11. (TCO C, D) The instrument that evidences the borrower's indebtedness and promise to repay is called a
12. (TCO C, D) A second mortgage is an example of which of the following?
13. (TCO C, D) The size of the annual debt service depends upon
14. (TCO C, D) The annual debt service constant on a monthly payment, fully amortizing mortgage note is
15. (TCO C, D) The real rate of interest on a fixed-rate loan
16. (TCO C, D) Potential disadvantages of the limited partnership include
17. (TCO C, D) Which is a key difference between tenancy in common and joint tenancy?
18. (TCO D) The treatment of a gain under the installment sales method
19. (TCO D) In a 1031 Exchange (like-kind exchange),
20. (TCO D) The tax basis of property acquired in a like-kind exchange must be allocated between land and improvements
21. (TCO A, B, C) Bug Bastion Village, a student apartment complex, generates effective gross income of $26,000. Income tax savings are $12,500 (due to interest and depreciation expense, the owner's income tax liability for the year is $12,500 less than it would have been without the investment). There are no capital transactions, and all operating expenses were tax deductible. The after-tax cash flow to the equity investor was $13,800, and operating expenses equaled 90 percent of net operating income. What percent of net operating income is needed to cover the debt service obligation? Present the property's operating statement in good form.
22. (TCO C, D) An apartment house was purchased on July 8 of last year, by a taxpayer who computes her taxes on a calendar basis. Her depreciation deduction last year was $9,375. The building accounted for 75 percent of the property's market value at the time of purchase. What was the taxpayer's initial tax basis in the property?

MKTG 540 Week 4 Midterm Exam


Page 1
1. (TCO B) Corporate responsibility includes:
2. (TCO C) The cradle to grave life cycle:
3. (TCO C) According to the IPAT formula, environmental impact is a function of:
4. (TCO D) Societal marketing:
Page 2
1. (TCOs C and D) Define the following terms and explain their relation to sustainability marketing.
1. Brundtland Report
2. Ecological footprint
3. Affluence
4. IPAT formula
2. (TCOs B and C) Please give the definition of each term.
1. Environmental marketing
2. Affluence
3. (TCO A) ) Sustainability marketing delivers solutions to people's needs that are _______, _________, ____________________, and _______________. Provide the four terms needed to complete this sentence and explain what is meant by each term
Page 3
1. (TCOs B, C, D) What are the major issues emphasized in corporate social responsibility? How are these issues related to traditional marketing and to the rise of the consumer class? How is sustainability marketing different from conventional marketing, and how is it related to it?
2. (TCOs A, B, C) What impact has conventional marketing and the encouragement of consumerism had on the world, from environmental and social perspectives? In your answer, provide responses to the following questions.
1. What are the major social and environmental concerns of the 21st Century?
2. How are the by-products of traditional marketing and these 21stcentury concerns related?
3. From a corporate social responsibility perspective, what role does business have in addressing these issues now and in the future?
3. (TCOs A and B) Your textbook describes various schools of thought in a progression towards sustainability marketing. Describe these and explain which of the various types your selection best addresses the issues outlined in the Brundtland report?

MIS 535 Week 8 Exam (LATEST VERSION) PERFECT SCORE


1. (TCO A) An example of a business using information systems for customer and supplier intimacy is (Points : 4)
2. (TCO B) Which of the following businesses use the market creator business model? (Points : 5)
3. (TCO C) In a table for customers, the information about a single customer would reside in a single (Points : 4)
4. (TCO D) The method of slicing digital messages into parcels, transmitting them along different communication paths, and reassembling them at their destinations is called (Points : 4)
5. (TCO E) Enterprise applications (Points : 5)
6. (TCO F) Object-oriented development could potentially reduce the time and cost of writing software because (Points : 4)
7. (TCO G) A salesperson clicks repeatedly on the online ads of a competitor in order to drive the competitor's advertising costs up. This is an example of (Points : 4)
1.(TCO G) How is the security of a firm's information system and data affected by its people, organization, and technology? Is the contribution of one of these dimensions any more important than the other? Why?(Points : 25)
2.(TCO F) You have been hired as a consultant for a nationwide real estate firm, Cross & Deptford, who are interested in achieving better organization between branches by updating their information systems, but are not sure what will suit their needs. What will you recommend they do in order to determine the most effective IT projects?(Points : 25)
3. (TCO E) Distinguish between grid computing, cloud computing, and utility computing.(Points : 25)
4. (TCO D) What is cloud computing and how do you think its developments could impact businesses? (Points : 20)
5. (TCO C) IF you were to design the new contracts database for a publishing house what fields do you anticipate needing? Which of these fields might be in use in other databases used by the company?(Points : 25)
6. (TCO B) You are evaluating BI software from a variety of vendors. Identify six elements in the BI environment. Use your understanding of the importance of these elements to formulate six questions to ask the vendor in order to determine how their software will interplay with your needs.(Points : 25)
7.(TCO A) You have been hired to work with 10 salespeople from different branches of a national business in creating an online training site for new Sales employees. Identify six collaboration tools that are available to help the team work together. Which single tool would be the most helpful for the project, in your opinion, and why?(Points : 25)

MGMT 520 Midterm Exam (2 SETS)


1. (TCO C) A common and strong defense to a claim of injury due to a tort of negligence is “assumption of the risk.” Give an example of this defense in regard to a certain injury. (15 Points) (Points : 15)
Question 2. 2. (TCO B) Beginning in the early 1900s, the federal government and Congress began the creation of administrative agencies, with the first two being the Interstate Commerce Commission (ICC) and the Federal Trade Commission (FTC). Briefly explain the driving force that required the creation of administrative agencies at the federal, state, and local levels. (15 Points) (Points : 15)
Question 3. 3. (TCO F) List and define the four major types of intellectual property. (15 Points) (Points : 15)
Question 4. 4. (TCO I) In Week 2, our course discussed the conflicts on the Internet of Yahoo.com supporting a website by the American Nazi Party, whose promotion of Nazi propaganda and sale of Nazi memorabilia was a direct violation of French government law. Yahoo refused three attempts by the French government to force the website to be taken down on the grounds that this was an exercise of the American Nazi Party’s First Amendment rights.
At virtually the same time, the government of China ordered Google to take down certain website information posted by their customers. Google complied with this demand from the government by taking down or blocking any information identified as offensive by the Chinese, without requesting the approval of their customers. Do you agree with this action by Google? What options besides caving-in were available to Google? What was the long-term effect on Google in China? (15 Points) (Points : 15)
Question 5. 5. (TCO D) Contract law is a very basic and important part of both our everyday life, and the operation of the business world. List and define the three basic elements that are required to form a legally binding contract. (15 Points) (Points : 15)
Question 6. 6. (TCO B) In 2015, a research food store in Dallas, Texas, developed a new type of organic food called Greatstuff that provided low fat, good taste, low calorie content, and was quickly found to provide a number of health type benefits. The demand for the product skyrocketed, and retail sales in the Dallas area alone quickly began to exceed the supply. The Dallas store expanded their local production by acquiring extra components from Colorado, and also contracted with a similar facility in Beaumont, Texas, to produce the Greatstuff organic food. The reputation of the product continued to boom, and even though the production had increased by 1,000 per cent over the initial supply, the retail demand kept the store shelves empty most of the time.

A similar type organic food store out of Chicago approached the original Dallas store, and asked for the formula for Greatstuff, but the Texas owners declined. The supply and retail market continued to boom all over Texas. The owners of the organic food store in Chicago came to Dallas, bought a truck load of Greatstuff and took it back to their facility in Illinois and sold most of it, but also tried unsuccessfully to replicate production. Through some political connections, a number of members of Congress found out about Greatstuff, and applying the Commerce Clause succeeded in passing legislation that was signed by the president to: 1) place a special federal sales tax on Greatstuff, and 2) require the formula for production to be made public. The Dallas developer of Greatstuff sued in federal court in Dallas, contending that Greatstuff had nothing to do with interstate commerce and was not subject to the Commerce Clause. 
You (student) should assume the role of an attorney representing the Dallas Organic Food Store in contending that the production and sale of Greatstuff is not subject to the federal legislation generated under the Commerce Clause. As the attorney for Dallas Organic Food Store, what would you argue to support your client's position that the production and sale of Greatstuff is not subject to Federal regulation? Be specific about why Federal law does not apply and why. (25 Points) (Points : 25)
Question 7. 7. (TCO I) Larry R. Smeltzer and Marianne Jennings wrote an article, "Why an International Code of Business Ethics Would Be Good for Business," which was assigned to be read at the beginning of the course. As you have worked throughout this session, you should have considered this article and how it may or may not have impacted different situations in the world economic/business/legal/political environments. The essay you will write on the next question should show that you have read this article and can apply the theories and thoughts from that article to the scenario provided. Feel free to rely on the information you know about the situations (if real) or analogize to one that is real, if you wish. Include in your answer at least two specific concepts from the article, and apply those concepts to your reasoning in your answer. You will be graded on your knowledge of the article as well as the application of ethical theories to international situations.

In 2014, General Motors promoted a woman to President and Chief Executive Officer, and almost immediately she announced the recall of over two million GM vehicles going back as far as 2002 due to faulty ignition switches. Perhaps most importantly, GM has recognized that the ignition switch failure has led to 23 deaths. GM is currently settling these wrongful death claims for an average of $1,000,000. Yes, that sounds like a lot of money, but remember GM clears about $2 Billion in profits each year. Based on the public statements of the new CEO, it is clear that GM was aware of this problem for many years, but avoided the recall to protect its global reputation as the world’s leading auto maker. As the crisis has developed, the new CEO has taken center stage and been willing to accept the blame. She has admitted the problem was ignored and disbelieved as research was conducted.

For this question, think about the facts of General Motors recognition and reputation, and the impact of this recall on their worldwide sales. Due to the loss of lives involved, and other serious injuries to those who were impacted by the ignition malfunction, you must ask the question “Was it worth It?” Also, think about the cost to stockholders, managers, employees, and other stakeholders. 
Now think about Smeltzer and Jennings's international code of ethics article. Would an international code of ethics have impacted how this entire General Motors travesty played out in the real world? Would GM have been somehow required to behave differently, which would have protected so many stakeholders from losses? Or, would nothing really have changed? Feel free to argue both sides of this, and include in your answer at least two or three things you would have derived from Smeltzer and Jennings's International Code of Ethics and how that would or wouldn't have impacted the GM recall crisis. Include everything you have learned this session about ethics in the business world. (25.0 points) (Points : 25)
Question 8. 8. (TCO A) Use the fact pattern you received in the above Smeltzer and Jennings's "International Code of Ethics" question to answer this question. Analyze and propose a solution to the problem you received above using the steps of the Regulation School of Social Responsibility. Show the steps, apply the facts, and provide a proposed solution you would suggest. (25.0 points) (Points : 25)
1. (TCO C) A common and strong defense to a claim of injury due to a tort of negligence is “assumption of the risk.” Give an example of this defense in regard to a certain injury. (15 Points) (Points : 15)
2. (TCO C) In the famous “Palsgraph Case” of the 1920s, Mrs. Palsgraph was standing at one end of the platform of the Long Island Railroad. A train was pulling-out at the other end of the platform, and a man with a large box under his arm was running and trying to get up on the train. Two employees of Long Island Railroad were trying to help the man get up on the moving train; a guard on the platform was trying to push the man up on the train, and the conductor on the train was trying to pull the would-be passenger up onto the train. The would-be passenger dropped the box under the wheels of the train; the box was filled with explosives for fireworks, and exploded. The shock of the explosion caused scales at the other end of the platform to fall and injury Mrs. Palsgraph, and she sued the Long Island Railroad for her injuries claiming negligence on the part of their two employees.
1. List and define the five elements that are required to prove a tort of negligence.
2. Do you think the railroad would be liable for negligence in this case?
Question 3. 3. (TCO F) List and define the four major types of intellectual property. (15 Points) (Points : 15)
Question 4 . TCO F. In Midler v. Ford Motor Co., Bette Midler sued Ford for unauthorized appropriation. Explain what appropriation is. Tell me what type of civil claim appropriation is and what a person has to prove to win damages for it. (short answer only)

MGMT 520 Midterm Exam (3 SETS)


1. (TCO C) A common and strong defense to a claim of injury due to a tort of negligence is “assumption of the risk.” Give an example of this defense in regard to a certain injury. (15 Points) (Points : 15)
Question 2. 2. (TCO B) Beginning in the early 1900s, the federal government and Congress began the creation of administrative agencies, with the first two being the Interstate Commerce Commission (ICC) and the Federal Trade Commission (FTC). Briefly explain the driving force that required the creation of administrative agencies at the federal, state, and local levels. (15 Points) (Points : 15)
Question 3. 3. (TCO F) List and define the four major types of intellectual property. (15 Points) (Points : 15)
Question 4. 4. (TCO I) In Week 2, our course discussed the conflicts on the Internet of Yahoo.com supporting a website by the American Nazi Party, whose promotion of Nazi propaganda and sale of Nazi memorabilia was a direct violation of French government law. Yahoo refused three attempts by the French government to force the website to be taken down on the grounds that this was an exercise of the American Nazi Party’s First Amendment rights.
At virtually the same time, the government of China ordered Google to take down certain website information posted by their customers. Google complied with this demand from the government by taking down or blocking any information identified as offensive by the Chinese, without requesting the approval of their customers. Do you agree with this action by Google? What options besides caving-in were available to Google? What was the long-term effect on Google in China? (15 Points) (Points : 15)
Question 5. 5. (TCO D) Contract law is a very basic and important part of both our everyday life, and the operation of the business world. List and define the three basic elements that are required to form a legally binding contract. (15 Points) (Points : 15)
Question 6. 6. (TCO B) In 2015, a research food store in Dallas, Texas, developed a new type of organic food called Greatstuff that provided low fat, good taste, low calorie content, and was quickly found to provide a number of health type benefits. The demand for the product skyrocketed, and retail sales in the Dallas area alone quickly began to exceed the supply. The Dallas store expanded their local production by acquiring extra components from Colorado, and also contracted with a similar facility in Beaumont, Texas, to produce the Greatstuff organic food. The reputation of the product continued to boom, and even though the production had increased by 1,000 per cent over the initial supply, the retail demand kept the store shelves empty most of the time.

A similar type organic food store out of Chicago approached the original Dallas store, and asked for the formula for Greatstuff, but the Texas owners declined. The supply and retail market continued to boom all over Texas. The owners of the organic food store in Chicago came to Dallas, bought a truck load of Greatstuff and took it back to their facility in Illinois and sold most of it, but also tried unsuccessfully to replicate production. Through some political connections, a number of members of Congress found out about Greatstuff, and applying the Commerce Clause succeeded in passing legislation that was signed by the president to: 1) place a special federal sales tax on Greatstuff, and 2) require the formula for production to be made public. The Dallas developer of Greatstuff sued in federal court in Dallas, contending that Greatstuff had nothing to do with interstate commerce and was not subject to the Commerce Clause.
You (student) should assume the role of an attorney representing the Dallas Organic Food Store in contending that the production and sale of Greatstuff is not subject to the federal legislation generated under the Commerce Clause. As the attorney for Dallas Organic Food Store, what would you argue to support your client's position that the production and sale of Greatstuff is not subject to Federal regulation? Be specific about why Federal law does not apply and why. (25 Points) (Points : 25)
Question 7. 7. (TCO I) Larry R. Smeltzer and Marianne Jennings wrote an article, "Why an International Code of Business Ethics Would Be Good for Business," which was assigned to be read at the beginning of the course. As you have worked throughout this session, you should have considered this article and how it may or may not have impacted different situations in the world economic/business/legal/political environments. The essay you will write on the next question should show that you have read this article and can apply the theories and thoughts from that article to the scenario provided. Feel free to rely on the information you know about the situations (if real) or analogize to one that is real, if you wish. Include in your answer at least two specific concepts from the article, and apply those concepts to your reasoning in your answer. You will be graded on your knowledge of the article as well as the application of ethical theories to international situations.

In 2014, General Motors promoted a woman to President and Chief Executive Officer, and almost immediately she announced the recall of over two million GM vehicles going back as far as 2002 due to faulty ignition switches. Perhaps most importantly, GM has recognized that the ignition switch failure has led to 23 deaths. GM is currently settling these wrongful death claims for an average of $1,000,000. Yes, that sounds like a lot of money, but remember GM clears about $2 Billion in profits each year. Based on the public statements of the new CEO, it is clear that GM was aware of this problem for many years, but avoided the recall to protect its global reputation as the world’s leading auto maker. As the crisis has developed, the new CEO has taken center stage and been willing to accept the blame. She has admitted the problem was ignored and disbelieved as research was conducted.

For this question, think about the facts of General Motors recognition and reputation, and the impact of this recall on their worldwide sales. Due to the loss of lives involved, and other serious injuries to those who were impacted by the ignition malfunction, you must ask the question “Was it worth It?” Also, think about the cost to stockholders, managers, employees, and other stakeholders.
Now think about Smeltzer and Jennings's international code of ethics article. Would an international code of ethics have impacted how this entire General Motors travesty played out in the real world? Would GM have been somehow required to behave differently, which would have protected so many stakeholders from losses? Or, would nothing really have changed? Feel free to argue both sides of this, and include in your answer at least two or three things you would have derived from Smeltzer and Jennings's International Code of Ethics and how that would or wouldn't have impacted the GM recall crisis. Include everything you have learned this session about ethics in the business world. (25.0 points) (Points : 25)
Question 8. 8. (TCO A) Use the fact pattern you received in the above Smeltzer and Jennings's "International Code of Ethics" question to answer this question. Analyze and propose a solution to the problem you received above using the steps of the Regulation School of Social Responsibility. Show the steps, apply the facts, and provide a proposed solution you would suggest. (25.0 points) (Points : 25)
1. (TCO C) A common and strong defense to a claim of injury due to a tort of negligence is “assumption of the risk.” Give an example of this defense in regard to a certain injury. (15 Points) (Points : 15)
2. (TCO C) In the famous “Palsgraph Case” of the 1920s, Mrs. Palsgraph was standing at one end of the platform of the Long Island Railroad. A train was pulling-out at the other end of the platform, and a man with a large box under his arm was running and trying to get up on the train. Two employees of Long Island Railroad were trying to help the man get up on the moving train; a guard on the platform was trying to push the man up on the train, and the conductor on the train was trying to pull the would-be passenger up onto the train. The would-be passenger dropped the box under the wheels of the train; the box was filled with explosives for fireworks, and exploded. The shock of the explosion caused scales at the other end of the platform to fall and injury Mrs. Palsgraph, and she sued the Long Island Railroad for her injuries claiming negligence on the part of their two employees.
1. List and define the five elements that are required to prove a tort of negligence.
2. Do you think the railroad would be liable for negligence in this case?
Question 3. 3. (TCO F) List and define the four major types of intellectual property. (15 Points) (Points : 15)
Question 4 . TCO F. In Midler v. Ford Motor Co., Bette Midler sued Ford for unauthorized appropriation. Explain what appropriation is. Tell me what type of civil claim appropriation is and what a person has to prove to win damages for it. (short answer only)
Question 5. 5. (TCO D) Contract law is a very basic and important part of both our everyday life, and the operation of the business world. List and define the three basic elements that are required to form a legally binding contract. (15 Points) (Points : 15)
Question 6. TCO A. Use the fact pattern you received in the above Marianne Jennings "International Code of Ethics" question to answer this question. Analyze and propose a solution to the problem you received above using the front page of the newspaper method. Show the steps, apply the facts, and provide a proposed solution you would suggest.

MGMT 520 Midterm Exam (4 SETS)


1. (TCO C) A common and strong defense to a claim of injury due to a tort of negligence is “assumption of the risk.” Give an example of this defense in regard to a certain injury. (15 Points) (Points : 15)
Question 2. 2. (TCO B) Beginning in the early 1900s, the federal government and Congress began the creation of administrative agencies, with the first two being the Interstate Commerce Commission (ICC) and the Federal Trade Commission (FTC). Briefly explain the driving force that required the creation of administrative agencies at the federal, state, and local levels. (15 Points) (Points : 15)
Question 3. 3. (TCO F) List and define the four major types of intellectual property. (15 Points) (Points : 15)
Question 4. 4. (TCO I) In Week 2, our course discussed the conflicts on the Internet of Yahoo.com supporting a website by the American Nazi Party, whose promotion of Nazi propaganda and sale of Nazi memorabilia was a direct violation of French government law. Yahoo refused three attempts by the French government to force the website to be taken down on the grounds that this was an exercise of the American Nazi Party’s First Amendment rights.
At virtually the same time, the government of China ordered Google to take down certain website information posted by their customers. Google complied with this demand from the government by taking down or blocking any information identified as offensive by the Chinese, without requesting the approval of their customers. Do you agree with this action by Google? What options besides caving-in were available to Google? What was the long-term effect on Google in China? (15 Points) (Points : 15)
Question 5. 5. (TCO D) Contract law is a very basic and important part of both our everyday life, and the operation of the business world. List and define the three basic elements that are required to form a legally binding contract. (15 Points) (Points : 15)
Question 6. 6. (TCO B) In 2015, a research food store in Dallas, Texas, developed a new type of organic food called Greatstuff that provided low fat, good taste, low calorie content, and was quickly found to provide a number of health type benefits. The demand for the product skyrocketed, and retail sales in the Dallas area alone quickly began to exceed the supply. The Dallas store expanded their local production by acquiring extra components from Colorado, and also contracted with a similar facility in Beaumont, Texas, to produce the Greatstuff organic food. The reputation of the product continued to boom, and even though the production had increased by 1,000 per cent over the initial supply, the retail demand kept the store shelves empty most of the time.

A similar type organic food store out of Chicago approached the original Dallas store, and asked for the formula for Greatstuff, but the Texas owners declined. The supply and retail market continued to boom all over Texas. The owners of the organic food store in Chicago came to Dallas, bought a truck load of Greatstuff and took it back to their facility in Illinois and sold most of it, but also tried unsuccessfully to replicate production. Through some political connections, a number of members of Congress found out about Greatstuff, and applying the Commerce Clause succeeded in passing legislation that was signed by the president to: 1) place a special federal sales tax on Greatstuff, and 2) require the formula for production to be made public. The Dallas developer of Greatstuff sued in federal court in Dallas, contending that Greatstuff had nothing to do with interstate commerce and was not subject to the Commerce Clause.
You (student) should assume the role of an attorney representing the Dallas Organic Food Store in contending that the production and sale of Greatstuff is not subject to the federal legislation generated under the Commerce Clause. As the attorney for Dallas Organic Food Store, what would you argue to support your client's position that the production and sale of Greatstuff is not subject to Federal regulation? Be specific about why Federal law does not apply and why. (25 Points) (Points : 25)
Question 7. 7. (TCO I) Larry R. Smeltzer and Marianne Jennings wrote an article, "Why an International Code of Business Ethics Would Be Good for Business," which was assigned to be read at the beginning of the course. As you have worked throughout this session, you should have considered this article and how it may or may not have impacted different situations in the world economic/business/legal/political environments. The essay you will write on the next question should show that you have read this article and can apply the theories and thoughts from that article to the scenario provided. Feel free to rely on the information you know about the situations (if real) or analogize to one that is real, if you wish. Include in your answer at least two specific concepts from the article, and apply those concepts to your reasoning in your answer. You will be graded on your knowledge of the article as well as the application of ethical theories to international situations.

In 2014, General Motors promoted a woman to President and Chief Executive Officer, and almost immediately she announced the recall of over two million GM vehicles going back as far as 2002 due to faulty ignition switches. Perhaps most importantly, GM has recognized that the ignition switch failure has led to 23 deaths. GM is currently settling these wrongful death claims for an average of $1,000,000. Yes, that sounds like a lot of money, but remember GM clears about $2 Billion in profits each year. Based on the public statements of the new CEO, it is clear that GM was aware of this problem for many years, but avoided the recall to protect its global reputation as the world’s leading auto maker. As the crisis has developed, the new CEO has taken center stage and been willing to accept the blame. She has admitted the problem was ignored and disbelieved as research was conducted.

For this question, think about the facts of General Motors recognition and reputation, and the impact of this recall on their worldwide sales. Due to the loss of lives involved, and other serious injuries to those who were impacted by the ignition malfunction, you must ask the question “Was it worth It?” Also, think about the cost to stockholders, managers, employees, and other stakeholders.
Now think about Smeltzer and Jennings's international code of ethics article. Would an international code of ethics have impacted how this entire General Motors travesty played out in the real world? Would GM have been somehow required to behave differently, which would have protected so many stakeholders from losses? Or, would nothing really have changed? Feel free to argue both sides of this, and include in your answer at least two or three things you would have derived from Smeltzer and Jennings's International Code of Ethics and how that would or wouldn't have impacted the GM recall crisis. Include everything you have learned this session about ethics in the business world. (25.0 points) (Points : 25)
Question 8. 8. (TCO A) Use the fact pattern you received in the above Smeltzer and Jennings's "International Code of Ethics" question to answer this question. Analyze and propose a solution to the problem you received above using the steps of the Regulation School of Social Responsibility. Show the steps, apply the facts, and provide a proposed solution you would suggest. (25.0 points) (Points : 25)
1. (TCO C) A common and strong defense to a claim of injury due to a tort of negligence is “assumption of the risk.” Give an example of this defense in regard to a certain injury. (15 Points) (Points : 15)
2. (TCO C) In the famous “Palsgraph Case” of the 1920s, Mrs. Palsgraph was standing at one end of the platform of the Long Island Railroad. A train was pulling-out at the other end of the platform, and a man with a large box under his arm was running and trying to get up on the train. Two employees of Long Island Railroad were trying to help the man get up on the moving train; a guard on the platform was trying to push the man up on the train, and the conductor on the train was trying to pull the would-be passenger up onto the train. The would-be passenger dropped the box under the wheels of the train; the box was filled with explosives for fireworks, and exploded. The shock of the explosion caused scales at the other end of the platform to fall and injury Mrs. Palsgraph, and she sued the Long Island Railroad for her injuries claiming negligence on the part of their two employees.
1. List and define the five elements that are required to prove a tort of negligence.
2. Do you think the railroad would be liable for negligence in this case?
Question 3. 3. (TCO F) List and define the four major types of intellectual property. (15 Points) (Points : 15)
Question 4 . TCO F. In Midler v. Ford Motor Co., Bette Midler sued Ford for unauthorized appropriation. Explain what appropriation is. Tell me what type of civil claim appropriation is and what a person has to prove to win damages for it. (short answer only)
Question 5. 5. (TCO D) Contract law is a very basic and important part of both our everyday life, and the operation of the business world. List and define the three basic elements that are required to form a legally binding contract. (15 Points) (Points : 15)
Question 6. TCO A. Use the fact pattern you received in the above Marianne Jennings "International Code of Ethics" question to answer this question. Analyze and propose a solution to the problem you received above using the front page of the newspaper method. Show the steps, apply the facts, and provide a proposed solution you would suggest.
Question 7. 7. (TCO I) Larry R. Smeltzer and Marianne Jennings wrote an article, "Why an International Code of Business Ethics Would Be Good for Business," which was assigned to be read at the beginning of the course. As you have worked throughout this session, you should have considered this article and how it may or may not have impacted different situations in the world economic/business/legal/political environments. The essay you will write on the next question should show that you have read this article and can apply the theories and thoughts from that article to the scenario provided. Feel free to rely on the information you know about the situations (if real) or analogize to one that is real, if you wish. Include in your answer at least two specific concepts from the article, and apply those concepts to your reasoning in your answer. You will be graded on your knowledge of the article as well as the application of ethical theories to international situations.

In 2014, General Motors promoted a woman to President and Chief Executive Officer, and almost immediately she announced the recall of over two million GM vehicles going back as far as 2002 due to faulty ignition switches. Perhaps most importantly, GM has recognized that the ignition switch failure has led to 23 deaths. GM is currently settling these wrongful death claims for an average of $1,000,000. Yes, that sounds like a lot of money, but remember GM clears about $2 Billion in profits each year. Based on the public statements of the new CEO, it is clear that GM was aware of this problem for many years, but avoided the recall to protect its global reputation as the world’s leading auto maker. As the crisis has developed, the new CEO has taken center stage and been willing to accept the blame. She has admitted the problem was ignored and disbelieved as research was conducted.

For this question, think about the facts of General Motors recognition and reputation, and the impact of this recall on their worldwide sales. Due to the loss of lives involved, and other serious injuries to those who were impacted by the ignition malfunction, you must ask the question “Was it worth It?” Also, think about the cost to stockholders, managers, employees, and other stakeholders.
Now think about Smeltzer and Jennings's international code of ethics article. Would an international code of ethics have impacted how this entire General Motors travesty played out in the real world? Would GM have been somehow required to behave differently, which would have protected so many stakeholders from losses? Or, would nothing really have changed? Feel free to argue both sides of this, and include in your answer at least two or three things you would have derived from Smeltzer and Jennings's International Code of Ethics and how that would or wouldn't have impacted the GM recall crisis. Include everything you have learned this session about ethics in the business world. (25.0 points) (Points : 25)
Question 8. 8. (TCO A) Use the fact pattern you received in the above Smeltzer and Jennings's "International Code of Ethics" question to answer this question. Analyze and propose a solution to the problem you received above using the steps of the Regulation School of Social Responsibility. Show the steps, apply the facts, and provide a proposed solution you would suggest. (25.0 points) (Points : 25)
1. (TCO C) A common and strong defense to a claim of injury due to a tort of negligence is “assumption of the risk.” Give an example of this defense in regard to a certain injury. (15 Points) (Points : 15)
Question 2. 2. (TCO B) Beginning in the early 1900s, the federal government and Congress began the creation of administrative agencies, with the first two being the Interstate Commerce Commission (ICC) and the Federal Trade Commission (FTC). Briefly explain the driving force that required the creation of administrative agencies at the federal, state, and local levels. (15 Points) (Points : 15)

MGMT 520 Final Exam Latest VERSION

(TCO A & F) Farmer Joe Andrews, who owned 350 acres of farm land, was approached by Ajax Oil Company that offered to buy the front 30 acres of his land, which bordered on a four-lane highway, so they could build a gasoline station. Ajax Oil asked Mr. Andrews if he had complete ownership of the land, and he assured them he did. The two parties negotiated on the price and terms of the land sale for several days and finally agreed on a price of $60,000 for the 30 acres and Mr. Andrews signed a Quit Claim Deed transferring ownership to Ajax Oil. Ajax Oil developed the land and built the gasoline station with a typical small grocery store, and a car wash. The gasoline station functioned well for the next eight years, and was very profitable. The State Highway Department contacted Ajax Oil, and told them the state had acquired the right to take the land 30 years ago for expansion of the highway through a Special Warranty Deed from farmer James Barnes, who had owned and operated the farm before Joe Andrews. The issue quickly goes to court with the State Highway Department, Ajax Oil, farmer Joe Andrews, and farmer Barnes’ Heirs, all parties to the legal activity. What issues are involved here in regard transfer of right to land? Who do you think will prevail?
2. (TCO I) An American Petroleum Engineer, who has been on an Offshore Nigerian Oil Platform for 30 days, enters Lagos harbor in a work boat with 15 Nigerian oil rig workers. The work boat is stopped by the Lagos Harbor Police. The Police Captain immediately spots the American and demands to see his Work Visa. The Engineer surrenders his Passport and Business Visa to the Police Captain. The Police Captain says the paperwork is not complete, and demands the Engineer jump into the Harbor Police boat to be taken to the Immigration Bureau for prosecution. The Engineer says he has a plane ticket out of Nigeria for 10:00 PM that night, and cannot afford to miss his flight. The Police Captain says, you will miss your flight unless you will give me $500 for my kids for Christmas. The Engineer says, I only have $300, and the Police Captain says that will do. The Engineer gives the Police Captain the $300, and the Captain pushes his boat away and says “Have A Nice Trip”. This issue is simple, “does this payment to the Harbor Police Captain constitute a bribe under the Foreign Corrupt Practices Act”? What provisions of the FCPA cover such payments?
3. (TCO C) JetWave, Inc. (JWI) is a large manufacturer of appliances for use by average consumers in single-family homes and apartments. JWI’s bestseller is a digital, top loading dryer. The digital readout on the dryer alerts the consumer when the lint filter is full and/or if the vent line is clogged. Consumers have found that the dryer sends off false alerts about the lint filter. As a result, the dryer will shut down from these false alerts. The problem can be remedied in one of two ways: JWI sends out a repair person (during the warranty period only) and replaces the defective digital panel or the consumer can install a shorter aluminum vent line on their own. JWI only provides a 60 day warranty on their products. For consumers to pay for the panel to be replaced it would cost $300. On the JWI website under “Troubleshooting”, they do not recommend a particular length of aluminum vent line to replace the existing line, but do suggest “more than 6 feet.” As this is a quick and cheap fix, many consumers are opting to replace the aluminum vent line on their own. However, several consumers have reported that if the vent line is over 9 feet, sparks occur from the dryer lint. JWI does not report this on their website, nor do they modify their “Troubleshooting” Guide. Eric VonEckert is having the issue with the digital panel on his JWI dryer at home. He goes to his local home improvement store and buys a 10-foot aluminum vent line and vents the dryer through the front of his house. The error is remedied and his dryer is running fine. However, one night he puts a load of laundry in the dryer and heads off to bed. During the dryer cycle, sparks are generated and unbeknownst to Mr. VonEckert, his aluminum vent line passes next to the hot water heater. The sparks fly out of the end of the vent line and are sucked into the bottom of the water heater by the pilot light, catching fire to his home. Mr. VonEckert dies in the house fire. His wife and three children are seeking to file a lawsuit against JWI for damages on the grounds that the product was defective. In addition, they claim JWI did not protect the consumers by continuing to sell the defective dryer and not alerting the consumer to the issue with the longer vent line should the consumer choose to make the repair on their own.

You are the in-house attorney for JWI, Inc. and the Board of Directors at JWI have requested you develop a business strategy that includes ethical considerations to minimize liability for claims of product liability and breach of warranty relating to the dryer at issue.
4. (TCO A, D, E) Nursing Homes ‘R Us engaged Nurse Bob on a contractual basis to care for residents on its Alzheimer’s unit. Sam is a resident in the unit under Bob’s care. Sam’s wife noticed welts and bruises on Sam. Upon investigating Sam’s injuries, the Nursing Home discovered that Bob had showed up for his shift the night before “under the influence.” Bob had been hired without a background check, and the Nursing Home discovered Bob had a felony conviction for aggravated assault. Additionally, as part of the investigation, the Nursing Home discovers that Bob has been selling nutritional supplements on the side, on and off the job. As part of his advertising for the supplements, he has a picture of Sam on the bottles. Consider the following:
1.Did Nursing Homes ‘R Us have an ethical duty to conduct a background check on Bob? Apply one of the models for resolving ethical dilemmas from Chapter 2 and consider the need for business practices to conform with ethical practices.
2.Can the Nursing Home be held legally liable for Bob’s conduct since he is an independent contractor? Identify potential legal claims, whether or not you believe they may be successful, and their elements.
3.If patients and family members become sick from the nutritional supplements, can the Nursing Home be held legally liable? Consider whether there is a agency relationship in this situation and, if so, what type. Also consider when a principal may be held liable for contracts entered into by its agent and for any personal injury caused by the supplements. (30)
5. (TCO E) Mr. Andy Gray had been injured in a car accident 5 years ago that left him paralyzed from the waist down, and confined to a wheelchair. Mr. Gray had been a skilled electronic technician for many years prior to his injury. After 5 years of living off the damage payments he received from the auto accident and Disabled Social Security, Mr. Gray decided to go back to work. He applied to XYZ Computer Company for a job assembling their product. The problem was that XYZ relied on an assembly line to produce their product, and Mr. Gray could not access or stand at the assembly line to work on producing the computers. XYZ declined to hire Mr. Gray. Mr. Gray then filed a law suit, claiming that under the 1990 Americans With Disability Act, XYZ should be forced to abandon the assembly line operation and assemble the computers at individual cubicle work sites where someone in a wheel chair could work. The computer company’s lawyer rejected this request, noting that abandonment of the assembly line would cost the company $175,000,000 to restructure, and increase their computer production cost by 30%. So, as the Judge in this case, how will you rule? What options do you have in this case? (30)
6. (TCO G) You have been serving as a legal/financial advisor to a family of small business owners who operate under several different company structures in the retail business. There are five active members of the family running four different companies. The family members have all accumulated a significant amount of personal wealth, averaging about $750,000 each. The family members have used two of the four companies which have been incorporated to accumulate significant debt. The equity in the two corporations is in the RED (negative), and the family members are transferring additional debts into these corporations. The family is considering further such debt transfer, and then filing Bankruptcy to try and unload the total family and business debts. As their lead Legal/Financial Advisor, the family members have ask you to define the three Chapters of the Bankruptcy Code, Chapters 13, 11, and then 7, and then recommend which one they should pursue. They also tell you to advise them on any risk they may incur in shifting debt and possibly funds among themselves personally, and between themselves and the two corporations that are absorbing the debt in preparation for the Bankruptcy Filing. (30)
7. (TCO H) Given that only 12 percent of the Business Organizations functioning in the United States are Corporations, what factors of business characteristics and operations result in Corporations generating 89 percent of business revenue? (30)
8. (TCO B & I) The ChevTex Oil Company has been operating successfully offshore West Africa for many years. They recently made a large offshore oil discovery that extends into the area of the state of Cabinda, which is part of the country of Angola. The oil company begins negotiations with government officials from both Angola and Cabinda. The Angola officials are primarily concerned about tax rates and the generation of maximum amounts of government revenue from the oil project. The Cabinda officials are primarily concerned about the creation of local jobs for their citizens from the oil project, and the limitations on use and abuse of their land and harbors. As ChevTex’s lawyers and executives begin drafting the Production Agreement, they agree with the Angola and Cabinda government officials that the contract will be governed by Angola/Cabinda Laws, but any dispute will be resolved in the London Court of Commercial Arbitration rather than a local court. This is common terms in West African Oil and Gas Agreements. Why do international oil companies insist on Arbitration Clauses in production agreements? Why do local governments usually agree to these Arbitration Clauses in such contracts?(40)