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- QUESTION 1 Clement applies for a home loan at Global Bank Inc. As part of the process, he provides his personal details to the banker who is responsible for sanctioning loans. The banker uses Clement’s personal information to sell him insurance policies. In this scenario, the banker’s action is considered _____. a. unethical and illegal b. legal, but unethical c. ethical, but illegal d. legal and ethical QUESTION 2 In the context of Web and network privacy, _____ is a method for binding all the parties to a contract. a. encapsulation b. cybersquatting c. phishing d. nonrepudiation QUESTION 3 In the context of information technology in workplaces, which allows adding new tasks to employees’ responsibilities? a. Job rotation b. Job virtualization c. Job upgrading d. Job deskilling QUESTION 4 A _____ consists of self-propagating program code that is…1a. In what areas of business are there consumer protection statutes? 1b. Explain the regulation of advertising. What are the rules for product labeling? 1c. Describe the rights of consumers with respect to credit cards, payments, collection, credit reporting, extension, and credit standing. 1d.What is the Fair Credit Reporting Act?Question 9 Donald puts a lot of money into a bucket and gives Bernie a power of appointment over the money in the bucket. Bernie has the power to distribute that money only to himself, his creditors, his estate, or his estate's creditors. What is the correct name for his power of appointment? It is a/an: General power of appointment Limited power of appointment Question 10 True or False. The spousal consent rules for the annual exclusion require the non-donor spouse to consent to all gifts made by the donor spouse in that year; he or she cannot select which gifts he or she will join and which he or she will not. True False
- The Pizza PuzzleTopic: Deceptive AdvertisingCharacters: George Hansen, General Manager, Augusta Marigold Inn, Subsidiaryof Hospitality Enterprises,Sharon Coombs, Food Services Manager, Augusta Marigold Inn George Hansen is General Manager for the Marigold Inn in Augusta, Georgia. SharonCoombs is Restaurant and Food Services Manager for the Inn. She reports to George. Two years ago, Sharon noticed a decline in room service business, the highest margin portion of her operation. This decline coincided with an increase in the national sales of pizza delivery and carryout firms as well as an increase in the number of empty pizza boxes from these firms being left in guest rooms in the Inn. Her immediate response was to install a pizza oven in the kitchen and offer room service pizza to guests. The effort met with modest success, though it was well below her expectations. Questionnaires completed by departing guests revealed a problem of product quality. Focusing on this problem, Sharon…40 - In which of the following cases, delivery of commercial books is not required according to the Commercial Law?A) Inheritance lawsuitB) Property partnership caseC) Lawsuit for company liquidationD) Bankruptcy proceedingsE) Name correction caseCVP Analysis; Commissions; Ethics Lionel Corporation manufactures pharmaceutical products sold through a network of sales agents in the United States and Canada. The agents are currently paid an 18% commission on sales; that percentage was used when Lionel prepared the following budgeted income statement for the fiscal year ending June 30, 2019: Lionel Corporation Budgeted Income Statement For the Year Ending June 30, 2019 ($000 omitted) Sales $28,500 Cost of goods sold Variable $12,825 Fixed 3,500 16,325 Gross profit $12,175 Selling and administrative costs Commissions $ 5,130 Fixed advertising cost 800 Fixed administrative cost 2,150 8,080 Operating income $ 4,095 Fixed interest cost 705 Income before income taxes $ 3,390 Income taxes (30%) 1,017 Net income $ 2,373 Since the completion of the income statement, Lionel has learned that its sales agents are requiring a 5% increase in their commission rate (to 23%) for the upcoming year. As a result, Lionel’s president has…
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- In the summer of 2017, the New York Public Theater sponsored a production of Shakespeare’s Julius Caesar at the Delacorte Theater in Central Park. By itself, there is nothing unusual about this event. In fact, the 2017 season of the Central Park Summer Shakespeare Festival marked the 55th anniversary of the program. However, this summer’s program offered a bit of a twist. In the production, the character of Julius Caesar was clearly modeled after President Donald Trump. At first, this might not have been a problem, except for the fact that in this production, the character of Caesar is assassinated in a particularly bloody fashion. The production sparked instant controversy between supporters of the president, who saw it as just one more example of the left’s animosity toward the president, and opponents of the president, who saw it simply as an expression of artistic creativity. What is most interesting for our purposes here is the fact that in reaction to the controversy, several…Cyber Scam. Kayla, a student at Learnwell University, owes $20,000 in unpaid tuition. If Kayla does not pay thetuition, Learnwell will not allow her to graduate. To obtain thefunds to pay the debt, she sends e-mails to people that she doesnot personally know asking for financial help to send Milo,her disabled child, to a special school. In reality, Kayla has nochildren. Is this a crime? If so, which one? (See Cyber Crime.)n 2006, Hewlett-Packard Development Company LP became embroiled in a controversy over methods used to investigate media leaks from its board. HP Chairperson Patricia Dunn could have simply asked the directors who was the source cited in the story, sought an apology and gone from there. With some direct face-to-face communication, the story would likely have ended quickly. It did not. “Not only did investigators impersonate board members, employees and journalists to obtain their phone records, but according to multiple reports, they also surveilled an HP director and a reporter for CNet Networks Inc. They sent monitoring spyware in an e-mail to that reporter by concocting a phoney tip. They even snooped on the phone records of former CEO and Chairperson Carly Fiorina, who had launched the quest to identify media sources in the first place.” The situation continued to escalate. For example, the New York Times reported that HP consultants even considered planting clerical or custodial…