Williams Pharmaceutical Company produces a number of drugs that are regulated by various agencies, including, in the United States, the federal Food and Drug Administration (FDA). These agencies issue licenses that approve drugs for sale and establish specific regulations regarding production quality and inventory security, violations of which can result in fines or the suspension of product licenses. All the drugs are protected under patents filed in various jurisdictions, and Williams markets the drugs in the United States as well as in a number of other countries. The company faces significant competition from other pharmaceutical companies globally. a. Identify three business risks that are faced by Williams with respect to production processes and inventories.

17.The UCC holds a merchant Group of answer choices -to a higher standard than a non-merchant -to the same standard as a non merchant -to whatever standard the parties agree to -the UCC does not address the status of merchants   18.What is the most accurate statement about the Uniform Commercial Code?   Group of answer choices -It has been adopted as advisory in most states -it has been adopted almost in its entirety as a statute in every state -Some states have adopted as a statute, others have not -it is only an academic code, it does not have the force of law   19. The UCC defines “sale” as Group of answer choices -a contract for the sale of goods -a sales agreement between merchants -the passing of title from the seller to the buyer for a price -the UCC does not define sale   20.To be a “good” an item must be Group of answer choices -tangible and movable -fungible -not permanently attached to real property -of good quality   21.It is the…

Ronald Partners is negotiating with its audit client (Maxim Industries) for its upcoming audit fees. Maxim Industries' audit partner offers the company a discounted audit fee if it also gives all its tax consulting work to the firm.   Required Explain whether the managing partner at Ronald Partners should agree to approve the deal negotiated by the partner in charge of Maxim Industries' audit.

The Environmental Protection Agency (EPA) would like to adopt some new rules regarding environmental impact statements, but it is afraid that if too many people know about them ahead of time, the adverse publicity will force the agency to amend them. To avoid any public comment, the agency seeks to adopt the rules without publishing them. Which of the following statements is true regarding the agency's actions? a. The agency is seeking to adopt the rules by a procedure that violates the rulemaking procedures set forth in the APA. b. The agency has a right to act in this way and a duty to be efficient with taxpayer money. c. The rules in this instance are procedural in nature and therefore are not required to be published. d. The agency has no rulemaking authority, because only Congress can make legislative rules.