Punitive damages are designed to punish the wrongdoer. What type(s) of tort may be subject to a punitive damage award? OBoth intentional and unintentional torts O Intentional torts O Unintentional torts No torts All torts

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To properly protect consumers, _____. a. tests of a product can safely assume that the product will be used in just the way that the manufacturer intends it to be used. b. if a product poses a potential, serious threat, a company may need to take extraordinary measures to ensure continued safe use of it. c. only new products, not established products, need to be tested. d. accidents occur exclusively as a result of product misuse.

4. Four roommates are planning to spend the weekend in their dorm suite watching old olent atsomos movies, and they are debating how many to watch. The table below contains their willingness to pay for each film. 1st film 2nd film 3rd film 4th film 5th film John $7 $6 $5 $4 $3 Paul $5 $4 $3 $2 $1 an rud bas Vedda nowoc 2102 gulden et 150 yebesnbew sho George $3 $2 $1 $0 $0 (nast il qalihe: 0 sx sig Ringo og $2 $1 $0 $0 $0 Taboog dikdug dan one dorld amasi obivond themsvog srl: asobydw 20607 1610A (b 2)99712 vdio (9 it sins 0.6 d. Is there any way to split the cost so that everyone benefits? What problems arise with this plan?

30. Which ethical standard most closely supports insider trading restrictions?a. Utilitarianismb. Human Rightsc. Justiced. Caring

What is the main advantage for an LLC or Corporation? Select one: O a. taxes O b. to avoid personal liability O C. to raise capital O d. easy to create

1. According to Robert Reich, what is the goal of a business? a. Preserving the environment b. Creating and adhering to corporate social responsibility guidelines c. Generating profit 2. True or false, Simpson argues global corporations enhance economic freedom and their power causes conflicts of interest and social problems. a. True b. False 3. Which of the following is a rule that the Macdonald and Williams-Jones argue need to be applied if a company is going to use genetic testing or screening on their employees? a. It must be mandatory b. The employee must pay out of pocket for the procedure c. The employee cannot be terminated due to the test results 4. According to Pava, why should businesses be required to adhere to corporate social responsibility standards? a. They are involved in more than just making money b. They effect the environment c. They effect the lives of their employees d. All the above 5. Why does Palmer reject government intervention in controlling the timber…

1. Ben and Jerry are two partners-in-crime, who have robbed a bank. Ben got caught and is questioned by the police. He has got three options: to stay silent, confess, or tell the police that it was Jerry. Jerry can either remain at home, go to the police and blame Ben, or kill Ben's dog and cat. Ben feels good about confessing if Jerry does not do anything against him and feels good going to the police otherwise. Jerry on the other hand would hate to kill Ben's dog and cat, but would indulge in the revenge if Ben went to the police. For Jerry it is bad if Ben goes to the police. Ben is the row player and Jerry is the column player. Jerry Home Police Kill Ben Silent (3,4) (-4,5) (-5,3) Confess (-2,5) (-3, 6) (-7,-5) Police (-3,-7) (-1,-6) (-4,-2) Find the Nash equilibrium in pure strategies when a. Ben and Jerry move at the same time, not knowing what the other does. b. Ben moves first, then Jerry can observe this and subsequently makes his choice. c. Jerry moves first, then Ben can…