“Numbers! I need to see numbers!” exclaimed Marcus in response to com- ments made by the assistant vice-president of Finance, Jeff Smith. Marcus Lenovo, president and chief executive officer of Duralex Inc., had been instrumental in significantly increasing the company’s size during his first five years in office. He spearheaded some successful marketing campaigns and revamped the production facilities by adopting the latest technology in injection molding. He also implemented various cost-cutting measures and introduced performance plans to boost efficiency. Foremen and supervisors were offered stock option incentives, and bonuses were tied to earnings per share (EPS) growth. Duralex Inc., a medium-sized plastic molding company, was founded in 2008 and was located in Midland, Michigan. The company supplied molded plastic products to various processing industries as well as end-users. It enjoyed a fairly diversified base of customers, ranging from automobile and home products manufacturers to the federal government. After an initial period of sluggish growth, the firm’s revenues and profits had almost quadrupled. Most of the increase had been achieved under Lenovo’s lead- ership. The plastics business offered potential for high profit margins, and as a result it attracted many competitors. Despite the fierce competition, Duralex’s stock, which traded in the over-the-counter market, had tripled in value over the past five years, making the shareholders very happy. Recently, however, the stock price had dipped sharply, raising concerns among security analysts. Jeff Smith, the assistant VP of finance, brought this matter to Marcus’s attention informing him that the analysts had given their closest rival, APEX Molding, a “strong buy” rating while downgrading Duralex’s rating to a “Hold.” This recent development had outraged shareholders, and the personal relations department had been overwhelmed with calls from anxious owners wanting to know what was going on. Marcus, a motivated leader, was not about to give up easily, however. His track record of turning companies around was very good. He knew that if he could identify the main problem areas, he would be able to make some strategic moves to alleviate the problems. He therefore demanded that he be given a detailed report of the firm’s financial condition in comparison to that of APEX Molding. Marcus had learned over the years that in order to be successful, it was very important to “play the numbers game.” Table 1 Duralex Incorporated Annual Balance Sheets (Values in Millions) 2015 2014 2013 2012 ASSETS Current Assets Cash and Marketable Securities 3.2 4.8 5.0 0.6 Accounts Receivable 46.1 59.6 50.1 20.9 Inventory 27.4 24.1 25.3 12.8 Other Current Assets 4.1 7.6 6.9 0.4 Total Current Assets 80.8 96.1 87.3 34.7 Non-Current Assets Property, Plant & Equipment, Gross 94.2 98.7 87.9 47.7 Accumulated Depreciation & Depletion 38.3 31.4 27.7 19.3 Property, Plant & Equipment, Net 55.9 67.3 60.2 28.4 Intangibles 121.4 172.2 182.0 32.8 Other Non-Current Assets 7.7 8.3 10.5 3.5 Total Non-Current Assets 185.0 247.8 252.7 64.7 Total Assets 265.8 343.9 340.0 99.4 LIABILITIES AND EQUITIES Current Liabilities Accounts Payable 20.5 23.8 20.5 9.7 Short-Term Debt 6.6 5.6 3.5 3.9 Other Current Liabilities 35.0 33.7 35.7 12.9 Total Current Liabilities 62.1 63.1 59.7 26.5 Non-Current Liabilities Long-Term Debt 215.2 221.3 222.3 30.7 Deferred Income Taxes 0.0 0.0 0.0 0.0 Other Non-Current Liabilities 3.0 2.9 0 0 Minority Interest 0.0 0.0 0.0 0.0 Total Non-Current Liabilities 218.2 224.2 222.3 30.7 Total Liabilities 280.3 287.3 282.0 57.2 Shareholder’s Equity Preferred Stock Equity 0.0 0.0 0.0 0.0 Common Stock Equity Total Equity −14.5 −14.5 56.6 56.6 58.0 58.0 42.2 42.2 Total liabilities and Stock Equity 265.8 343.9 340.0 99.4 Total Common Shares Outstanding 7.7 Mil 7.2 Mil 7.6 Mil 6.6Mil Preferred Shares 0.0 0.0 0.0 0.0 Treasury Shares 0.0 0.0 0.0 0.0 Table 2 APEX Molding Annual Balance Sheets (Values in Millions) 2015 2014 2013 2012 ASSETS Current Assets Cash and Marketable Securities 0.3 1.1 0.3 2.9 Accounts Receivable 17.9 16.1 13.0 7.0 Inventory 12.9 11.7 9.4 3.9 Other Current Assets 1.7 1.3 1.4 1.7 Total Current Assets 32.8 30.2 24.1 15.5 Non-Current Assets Property, Plant & Equipment, Gross 42.6 36.9 27.8 20.3 Accumulated Depreciation & Depletion 15.5 11.1 7.1 3.9 Property, Plant & Equipment, Net 27.1 25.8 20.7 16.4 Intangibles 30.0 31.1 18.2 1.9 Other Non-Current Assets 0.2 0.6 1.0 2.2 Total Non-Current Assets 57.3 57.5 39.9 20.5 Total Assets 90.1 87.7 64.0 36.0 LIABILITIES AND EQUITIES Current Liabilities Accounts Payable 6.9 7.1 5.3 2.0 Short-Term Debt 6.7 5.8 2.7 2.7 Other Current Liabilities 6.5 7.1 5.3 2.7 Total Current Liabilities 20.1 19.9 13.2 7.4 Non-Current Liabilities Long-Term Debt 25.8 28.0 18.7 5.4 Deferred Income Taxes 0.1 0.5 0.0 1.4 Other Non-Current Liabilities 3.0 3.9 3.9 0.8 Minority Interest 0.0 0.0 0.0 0.0 Total Non-Current Liabilities 28.9 32.4 22.6 7.6 Total Liabilities 49.0 52.3 35.8 15.0 Shareholder’s Equity Preferred Stock Equity 0.0 0.0 0.0 0.0 Common Stock Equity 41.1 35.4 28.1 21.0 Total Equity 41.1 35.4 28.1 21.0 Total Liabilities and Stock Equity 90.1 87.7 64.0 36.0 Total Common Shares Outstanding 4.3 mil 4.3 mil 4.3 mil 4.1 mil Preferred Shares 0.0 0.0 0.0 0.0 Treasury Shares 0.0 0.0 0.0 0.0 Table 3 Duralex Incorporated Annual Income Statements (Value in Millions) 2015 2014 2013 2012 Sales 297.0 294.0 252.4 129.3 Cost of Sales 222.2 184.5 160.0 84.1 Gross Operating Profit 74.8 109.5 92.4 45.2 Selling, General & Admin. Expenses 39.4 54.5 47.1 26.8 EBITDA 35.4 55.0 45.3 18.4 Depreciation & Amortization 18.3 16.2 14.7 5.7 EBIT 17.1 38.8 30.6 12.7 Other Income, Net −0.5 0.6 0.3 0.1 Total Income Avail for Interest Exp. −49.2 24.4 30.9 12.8 Interest Expense 22.4 20.3 15.6 5.2 Minority Interest 0.0 0.0 0.0 0.0 Pre-Tax Income −71.6 4.1 15.3 7.6 Income Taxes 0.1 2.1 6.6 0.3 Special Income/Charges −65.8 −15.0 0.0 0.0 Net Income from Cont. Operations −71.5 2.0 8.8 7.3 Net Income from Discont. Opers. 0.0 0.0 0.0 0.0 Net Income from Total Operations −71.5 2.0 8.8 7.3 Normalized Income −5.7 17.0 8.8 7.3 Extraordinary Income 0.0 0.0 0.0 0.0 Income from Cum. Eff. of Acct. Chg. 0.0 0.0 0.0 0.0 Income from Tax Loss Carry forward 0.0 0.0 0.0 0.0 Other Gains 0.0 0.0 −5.1 0.0 Total Net Income −71.5 2.0 3.7 7.3 Table 4 APEX Molding Annual Income Statements (Value in Millions) 2015 2014 2013 2012 Sales 123.6 106.7 85.7 43.2 Cost of Sales 82.6 69.2 55.5 27.2 Gross Operating Profit 41.0 37.5 30.2 16.0 Selling, General & Admin. Expenses 21.3 19.9 16.8 9.6 EBITDA 19.7 17.6 13.4 6.4 Depreciation & Amortization 5.7 4.7 3.7 2.1 EBIT 14.0 12.9 9.7 4.3 Other Income, Net 0.0 0.0 −0.1 −0.1 Total Income Avail for Interest Exp. 14.0 12.9 9.6 4.2 Interest Expense 3.0 2.3 1.8 0.5 Minority Interest 0.0 0.0 0.0 0.0 Pre-Tax Income 11.0 10.6 7.8 3.7 Income Taxes 3.7 4.0 3.2 1.5 Special Income/Charges 0.0 0.0 0.0 0.0 Net Income from Cont. Operations 7.3 6.6 4.6 2.3 Net Income from Discont. Opers. 0.0 0.0 0.3 0.0 Net Income from Total Operations 7.3 6.6 4.9 2.3 Normalized Income 7.3 6.6 4.6 2.3 Extraordinary Income 0.0 0.0 0.0 0.0 Income from Cum. Eff. of Acct. Chg. 0.0 0.0 0.0 0.0 Income from Tax Loss Carry forward 0.0 0.0 0.0 0.0 Other Gains 0.0 0.0 0.0 0.0 Total Net Income 7.3 6.6 4.9 2.3 Questions: Jeff Smith realizes that the first thing he must do is compare the liquidity, leverage, activity, and profitability ratios of the two companies. Using the Income Statement and Balance Sheet data shown in Tables 1–4, prepare a detailed comparison re- port indicating the strengths and weaknesses of each company. Jim Clancy, a recently hired intern has suggested to Jeff that he should include an analysis of common size statements in the report. Is Jim right? Of what use is such an analysis? Please prepare such an analysis and explain your answer. Jim has also recommended that a DuPont analysis be done. How can such an analysis be performed, and what information does it indicate about the relative performance of the two companies? What are some limitations regarding the various analyses that have been suggested above? What additional data would Jim and Jeff need to improve their findings? Are there any other calculations and comparisons that would be helpful? Please explain. After collecting, compiling, and analyzing the data, what conclusions and recommendations would Jeff be justified in making in his report to Marcus? In your opinion, how acute is the problem facing Duralex, Inc.? What strategic moves do you think Marcus could make to alleviate the problems? How accurate are the analysts in their recommendations of the two firms?
> A Norman window has the shape of a rectangle surmounted by a semicircle. (Thus the diameter of the semicircle is equal to the width of the rectangle. See Exercise 1.1.62.) If the perimeter of the window is 30 ft, find the dimensions of the window so that
> A right circular cylinder is inscribed in a sphere of radius r. Find the largest possible surface area of such a cylinder.
> A right circular cylinder is inscribed in a cone with height h and base radius r. Find the largest possible volume of such a cylinder.
> A right circular cylinder is inscribed in a sphere of radius r. Find the largest possible volume of such a cylinder.
> If the two equal sides of an isosceles triangle have length a, find the length of the third side that maximizes the area of the triangle.
> Find the dimensions of the isosceles triangle of largest area that can be inscribed in a circle of radius r.
> Find the area of the largest trapezoid that can be inscribed in a circle of radius 1 and whose base is a diameter of the circle.
> Find the dimensions of the rectangle of largest area that can be inscribed in an equilateral triangle of side L if one side of the rectangle lies on the base of the triangle.
> Differentiate the function. g(x) = ln(xe-2x)
> Find the area of the largest rectangle that can be inscribed in the ellipse x2/a2 + y2/b2 = 1.
> Find the dimensions of the rectangle of largest area that can be inscribed in a circle of radius r.
> Find, correct to two decimal places, the coordinates of the point on the curve y = sin x that is closest to the point (4, 2).
> Find the points on the ellipse 4x2 + y2 = 4 that are farthest away from the point (1, 0).
> Find the point on the line y = 2x + 3 that is closest to the origin.
> (a) Show that of all the rectangles with a given area, the one with smallest perimeter is a square. (b) Show that of all the rectangles with a given perimeter, the one with greatest area is a square.
> If the farmer in Exercise 18 wants to enclose 8000 square feet of land, what dimensions will minimize the cost of the fence? Exercise 18: A farmer wants to fence in a rectangular plot of land adjacent to the north wall of his barn. No fencing is needed
> A farmer wants to fence in a rectangular plot of land adjacent to the north wall of his barn. No fencing is needed along the barn, and the fencing along the west side of the plot is shared with a neighbor who will split the cost of that portion of the fe
> Do Exercise 16 assuming the container has a lid that is made from the same material as the sides. Exercise 16: A rectangular storage container with an open top is to have a volume of 10 m3. The length of its base is twice the width. Material for the bas
> A rectangular storage container with an open top is to have a volume of 10 m3. The length of its base is twice the width. Material for the base costs $10 per square meter. Material for the sides costs $6 per square meter. Find the cost of materials for t
> If 1200 cm2 of material is available to make a box with a square base and an open top, find the largest possible volume of the box.
> A box with a square base and open top must have a volume of 32,000 cm3. Find the dimensions of the box that minimize the amount of material used.
> A farmer wants to fence in an area of 1.5 million square feet in a rectangular field and then divide it in half with a fence parallel to one of the sides of the rectangle. How can he do this so as to minimize the cost of the fence?
> Consider the following problem: A box with an open top is to be constructed from a square piece of cardboard, 3 ft wide, by cutting out a square from each of the four corners and bending up the sides. Find the largest volume that such a box can have. (a)
> Consider the following problem: A farmer with 750 ft of fencing wants to enclose a rectangular area and then divide it into four pens with fencing parallel to one side of the rectangle. What is the largest possible total area of the four pens? (a) Draw s
> Find the dimensions of a rectangle with area 1000 m2 whose perimeter is as small as possible.
> Find the dimensions of a rectangle with perimeter 100 m whose area is as large as possible.
> Find expressions for the first five derivatives of f (x) = x2ex. Do you see a pattern in these expressions? Guess a formula for f(n) (x) and prove it using mathematical induction.
> What is the minimum vertical distance between the parabolas y = x2 + 1 and y = x - x2?
> Produce graphs of f that reveal all the important aspects of the curve. In particular, you should use graphs of f ’ and f ’’ to estimate the intervals of increase and decrease, extreme values, intervals of concavity, and inflection points. f(x) = 6 sin x
> Produce graphs of f that reveal all the important aspects of the curve. In particular, you should use graphs of f ’ and f ’’ to estimate the intervals of increase and decrease, extreme values, intervals of concavity, and inflection points. f (x) = x6 - 5
> Produce graphs of f that reveal all the important aspects of the curve. In particular, you should use graphs of f ’ and f ’’ to estimate the intervals of increase and decrease, extreme values, intervals of concavity, and inflection points. f (x) = 22x6 +
> Produce graphs of f that reveal all the important aspects of the curve. In particular, you should use graphs of f ’ and f ’’ to estimate the intervals of increase and decrease, extreme values, intervals of concavity, and inflection points. f (x) = x5 - 5
> (a) Investigate the family of polynomials given by the equation f (x) = 2x3 + cx2 - 2x. For what values of c does the curve have maximum and minimum points? (b) Show that the minimum and maximum points of every curve in the family lie on the curve y = x
> (a) Investigate the family of polynomials given by the equation f (x) = cx4 - 2x2 + 1. For what values of c does the curve have minimum points? (b) Show that the minimum and maximum points of every curve in the family lie on the parabola y = 1 - x2. Illu
> Investigate the family of curves given by the equation f (x) = x4 + cx2 + x. Start by determining the transitional value of c at which the number of inflection points changes. Then graph several members of the family to see what shapes are possible. Ther
> Differentiate the function. f(x) = log 10 (1 + cos x)
> Investigate the family of curves given by f (x) = xe-cx, where c is a real number. Start by computing the limits as x ( ±∞. Identify any transitional values of c where the basic shape changes. What happens to the maximum or minimum points and inflection
> The family of functions f (t) = C(e-at – e-bt), where a, b, and C are positive numbers and b . a, has been used to model the concentration of a drug injected into the bloodstream at time t = 0. Graph several members of this family. What do they have in c
> Describe how the graph of f varies as c varies. Graph several members of the family to illustrate the trends that you discover. In particular, you should investigate how maximum and minimum points and inflection points move when c changes. You should als
> Describe how the graph of f varies as c varies. Graph several members of the family to illustrate the trends that you discover. In particular, you should investigate how maximum and minimum points and inflection points move when c changes. You should als
> Find dy/dx by implicit differentiation. x2 - 4xy + y2 = 4
> In Example 4 we considered a member of the family of functions f (x) = sin(x + sin cx) that occur in FM synthesis. Here we investigate the function with c = 3. Start by graphing f in the viewing rectangle [0, π] by [-1.2, 1.2]. How many local maximum po
> A company operates 16 oil wells in a designated area. Each pump, on average, extracts 240 barrels of oil daily. The company can add more wells but every added well reduces the average daily ouput of each of the wells by 8 barrels. How many wells should t
> Show that of all the isosceles triangles with a given perimeter, the one with the greatest area is equilateral.
> When John Sullivan was hired as chief investment strategist at the New York headquarters of A. M. Smith Inc., he had indicated that one of his main goals would be to significantly expand the fixed-income unit of the firm’s overall investment portfolio. A
> When Jacqueline and Keith Sommers were “house hunting” five years ago, the mortgage rates were pretty high. The fixed rate on a 30-year mort- gage was 7.25%, while the 15-year fixed rate was at 6.25%. After walking through many homes, they finally reache
> “Boy, this is all so confusing,” said Jason as he stared at the papers on his desk. “If only I had taken the advice of my finance instructor, I would not be in such a predicament today.” Jason Welch, aged 27, graduated five years ago with a degree in foo
> State-sponsored lotteries are extremely popular and highly successful methods by which state governments in many countries raise much-needed funds for financing public expenses, especially education. In Michigan alone, during the year 2015, Michigan Lott
> “Greg, the board of directors’ meeting is scheduled two weeks from today, and I’m depending on you to come up with a realistic and honest appraisal of our company’s position,” said Warren, to his assistant Greg Chapman. “I’m sure that there’s more to us
> Andy Gillian, the owner of Gillian Pool & Spa Supplies, paced up and down the balcony of his luxurious Victorian home, overlooking a beautiful backyard, which housed a full-size pool/spa and a sprawling, luscious, green lawn. What was worrying Andy w
> The Ultra Cable Corporation, headquartered in Chicago, Illinois, had thus far enjoyed a fairly steady run-up in revenues and profits. Two years ago, it hired Ron Swenson away from the competition to assist the president, Tom Gray, in navigating the compa
> “It’s amazing how much difference there is in the way proposals are presented at two different firms,” said Art Monk to his assistant, Russell Jacobs, as he pointed to the stack of capital investment proposals piled on his desk. “We sure have our work cu
> Howard Cook could hardly wait to get back to his corporate headquarters in Philadelphia, Pennsylvania, and share all the useful information that he had gathered on performance evaluation with his colleagues in the finance department. Howard was vice pres
> As Cecil shuffled through the stack of files on his desk and clicked away on his mouse, his mind kept racing back to what Jason, his boss, had said to him at the last budget meeting. “We can only fund two or three new projects over the next year,” he sai
> Richard Ponting could feel the pressure as he walked into the executive boardroom with his briefcase containing the data and slides pertaining to his latest proposal. The last couple of years had not been very good for him. Two of the projects that he ha
> When Jenny opened her full-service salon and day spa three years ago, she knew that she would have to make some difficult choices regarding the hiring and firing of qualified professionals such as cosmetologists, estheticians, nail technicians, and massa
> If there was one thing the folks at Creative Products Corporation (CPC) knew well, it was how to come up with useful and unique products in the midst of economic adversity. With current year revenues considerably lower and profit margins shrinking due
> When Wayne concocted his cleaning compound some 20 years ago, all that his wife, Corrine, and he were trying to do was to come up with a sweeter, gentler yet tougher, cleaning product. Little did he realize that someday he would be the proud owner of a m
> Alex Peterson, president of Peterson Investments Inc., was faced with a major decision. One of the firms that his company had invested in, Durawear Corporation, was under severe financial distress. It had therefore sent out a proposal for reorganization,
> It was late Sunday night, and Jassir Amor was getting weary. The big presentation was set for 8 am the next day, and Jassir kept remembering what Greg LeBlanc, the chairman of the mergers and acquisitions (M&A) committee had said to him: “The board membe
> It was a hot, humid afternoon in April. Kirk could feel the pressure mounting. The memo on his desk read, “Please see me immediately!” Kirk knew that, sooner or later, his boss, Brian Daltrey, was going to ask him to implement some quick remedies to impr
> “We better get started on this report,” said Hal to his assistant, Roger, as he straightened up in his seat and fired up his laptop computer. “I’m sure Henry will expect a detailed analysis first thing Monday morning.” Hal Burton, vice president for Inte
> “What do you mean we’ve used up all our cash and lines of credit? I don’t get it! I thought we had a healthy financial position as per last year’s financial statements. How could this have happened, Patrick?” said Donald Hunt to his chief accountant. “If
> It was the end of the fourth quarter. The financial statements had been prepared and circulated to the directors of NuSkin Products Inc. (Tables 2 and 3). The firm’s revenues had surpassed the previous quarter’s revenues by over 20%, and the annual sales
> What is the equivalent of native advertising in commercially released movies?
> Why do you think officers and directors of accused companies accept dissent decrees rather than contest accusations at trial?
> Is thinking about committing a crime illegal? The law underlying the case against Microsoft is the Electronic Communications Privacy Act, which was enacted three years before the invention of the World Wide Web. Should that law still apply today? Why or
> Should a manager for an LLC respond to employee complaints of discrimination any differently from a manager at a corporation, a partnership, or a sole proprietorship? Why or why not?
> Consider a company whose employees include both smokers and nonsmokers. The smokers take numerous paid smoking breaks, while the nonsmokers do not. Is there an ethical issue here? Discuss.
> Why might it be fair for the court to hold Coxeter liable for his partner’s fraud?
> Can you think of a way a company can obtain information via an applicant’s social media posts without running the risk of being accused of hiring discrimination?
> How can a company, whether an LLC or some other business form, reduce the chances of discrimination lawsuits?
> How might a couple who enjoy purchasing virtual and digital goods together avoid property division issues in the event of a divorce?
> To what extent must attorneys reveal to their clients where confidential data are stored?
> Radiah Givens was involved romantically with Joseph Rosenzweig. She moved into an apartment on which he made the down payment. She signed the mortgage, but he made the payments and paid household expenses. They later married. She had their marriage annul
> Which companies in Europe do you think may have pressured the European Union to lodge its antitrust complaint against Google?
> At what point might the predicted benefits of a new private commercial endeavor outweigh the constitutional requirement of a taking only for public use?
> How do online escrow services reduce Internet fraud?
> Is it fair that property or wage garnishments may “surprise” a judgment debtor?
> 1. After the initial sequencing change, West Bank provided its customers with a document titled “Miscellaneous Fees” in which a footnote stated, “Checks written on your account will be paid in order daily with the largest check paid first and the smalles
> Does having a digital wallet in an iPhone, Android-based phone, or other smartphone entail more security risks than carrying a physical wallet? Explain.
> Imported beer is not the only product whose labeling may be misleading. For instance, although BMW is a German brand, most BMW X3s and X5s purchased in the United States are actually manufactured in South Carolina. Are there any legal or ethical issues i
> Why does the Bankruptcy Code provide that student loans should not be dischargeable unless there is undue hardship? What argument can be made in favor of allowing student loans to be dischargeable?
> Under what circumstances would you, as a business owner, choose to aggressively defend your business against a customer’s liability lawsuit?
> Some argue that if online retailers are required to collect and pay sales taxes in jurisdictions in which they have no physical presence, they have no democratic way to fight high taxes in those places. Is this an instance of taxation without representat
> To download a specific application (app) to your smartphone or tablet device, usually you have to check a box indicating that you agree to the company’s terms and conditions. Most individuals do so without ever reading those terms and conditions. Print o
> Within Instagram’s current terms of service there is a statement “We may not always identify paid services, sponsored content, or commercial communications as such.” Is it ethical for Instagram to post advertisements without identifying them as advertise
> Why might those entering into contracts be worse off in the long run if the courts increasingly accept impossibility of performance as a defense?
> What might happen if arbitration clauses were prohibited in all consumer contracts?
> If you are running a business, why would you opt to include overly broad waivers in your contracts with consumers?
> How does a manager determine the optimal amount of legal research to undertake to prevent her or his company from violating the many thousands of federal regulations?
> Why might a corporation’s managers agree to pay a large fine rather than to be indicted and proceed to trial?
> Does a manufacturer have to create safety warnings for every product? Why or why not?
> Some companies use internal social media networks for work-related employee communications. Would the same legal rules that apply to monitoring public social media platforms, such as Twitter and Facebook, also apply to company-provided social media platf
> To protect themselves, manufacturers have been forced to include lengthy safety warnings for their products. What is the downside of such behavior?
> Must business owners in all states have to provide the same benefits to employees in a same-sex union as they do to heterosexual couples?
> Review the basic requirements for a valid contract listed at the beginning of this chapter. Now consider the relationship created when a student enrolls in a college or university. (a) One group should analyze and discuss whether a contract has been form
> Should domain name hosting companies be liable for revenge porn?
> From an ethical point of view, is there any difference between managers calling subordinates during off hours for work-related questions and sending e-mails or text messages?
> Can a business manager’s religious beliefs factor into the business’s hiring treatment of same-sex partners? Why or why not?
