Which of the following should be treated as employees protected by FLSA minimum wage laws: (a) People who write and post reviews of local businesses for the online service, YELP! Jeung v. Yelp!, 2015 WL 4776424 (N.D.Ca. 2015). (b). Instacart is an on-demand grocery delivery service with teams of designated shoppers embedded in supermarkets that fill telephone orders and pass them on to drivers. Instacart trains the shoppers, evaluates their performance and considers them employees. The drivers receive no training or instructions, must have a license, a clean record, and be able to navigate around town.
> 1. Trade credit represents which of the following? a. The least formal of all forms of financing b. The most important form of short-term business financing c. Funds owed to a firm’s suppliers d. All of the choices are correct. 2. Which of the foll
> 1. Which of the following is a major difference between a bank line of credit and a revolving credit agreement? a. The line of credit cannot be renewed but the revolver automatically renews each year without further credit checks. b. Funds granted on a
> 1. A firm can estimate its short-term financing needs by which of the following? a. Using a cash budget b. Estimating its external financing needs c. Comparing credit sales to expenses d. The percentage-of-sales approach 2. Which one of the followi
> 1. Which of the following describes a firm’s working capital? a. The firm’s operating assets such as trucks, airplanes, and machinery b. The same as stockholders’ equity c. The money needed to start a new business d. Its current assets 2. A firm’s
> 1. RFID tags do which of the following? a. Help to track inventory and can reduce theft b. Indicate who the best-paying customers are c. Alert credit bureaus to improper credit card usage d. Reduce banking system float by using electronic data interc
> 1. Reducing working capital such as inventory can result in which of the following? a. Increased cash b. Higher profits c. Lower financing costs d. All of the choices are correct. 2. What does a just-in-time inventory system accomplish? a. It reduc
> 1. Which of the following is measured by viewing a person’s past credit history to see the person’s willingness to pay bills on time? a. Character b. Capacity c. Collateral d. Conditions 2. Examining liquidity ratios to gauge a firm’s ability to pa
> 1. What is float? a. The difference between cash inflows and cash outflows for a business. b. The difference between operating income and net income. c. The difference between accounts receivable and accounts payable. d. The delay between when funds
> 1. The first incorporated bank, the Bank of North America, was created in a. 1492. b. 1782. c. 1816. d. 1863. 2. The First Bank of the United States was established in a. 1791. b. 1811. c. 1816. d. 1863. 3. The first “thrift institutions” to
> 1. What are the four motives for holding cash? a. Paying suppliers, paying workers, paying back loans, and paying taxes b. Transactions, caution, paying taxes, and paying debts c. Transaction, precaution, speculation, and tax d. Global, international
> 1. Which of the following best describes a cash budget? a. A snapshot at a point in time of the firm’s cash balance b. A tool for forecasting cash flows c. Another name for the Statement of Cash Flows d. A fund for paying for incidental expenses in th
> 1. If all else remains constant, how should we expect a firm’s levels of accounts receivable and accounts payable to be affected by an increase in sales? a. Balances in both accounts receivables and accounts payables will rise. b. The accounts receivab
> 1. What is the operating cycle? a. Usually one year for a typical manufacturing firm b. The period of time to produce an item and place it in inventory c. Time to produce a good or service and collect cash from its sale d. Average age of inventory mi
> 1. Working capital is made up of which of the following? a. Current assets b. Fixed assets c. Machinery, trucks, and other equipment used to produce goods or offer services d. Cash and receivables 2. Which of these best describes a firm’s perceptio
> 1. What does break-even analysis = estimate? a. The price where supply will equal demand b. The level of sales revenue that covers variable costs c. The level of sales revenue that covers fixed costs d. The number of units to be sold so operating pro
> 1. Which of the following will the forecasted increase in assets equal? a. Forecasted sales multiplied by the total asset turnover b. Forecasted sales divided by the total asset turnover c. Forecasted change in sales divided by the total asset turnover
> 1. What is DuPont analysis? a. A specialized set of financial ratios. b. Financial ratio analysis for chemical firms. c. It separates profitability ratios into component parts. d. It relates changes in sales to changes in balance sheet assets. 2. A
> 1. What do market value ratios tell managers about the financial market's view of a firm? a. How investors value a firm relative to financial statement values b. How the market value of assets compares to the market value of liabilities c. What the firm
> 1. Which type of ratio indicates the firm’s ability to generate returns on its sales, assets, and equity? a. Profitability management ratios b. Liquidity ratios c. Financial leverage ratios d. Profitability ratios 2. The difference between operatin
> 1. The separation of commercial banking and investment banking activities in the U.S. was provided for under the a. Federal Reserve Act of 1913. b. Glass-Steagall Act of 1933. c. Gramm-Leach-Bliley Act of 1999. d. Dodd-Frank Wall Street Reform and Co
> 1. As defined in the chapter, how is the debt to asset ratio computed as follows? a. Total liabilities divided by total assets b. Total assets divided by total debts c. Long-term bond debt divided by total assets d. Long-term bond and bank loan debt
> 1. What do asset management ratios indicate? a. The quality of a firm’s human resources b. If a firm needs to purchase new trucks or computers c. The efficiency of the use of a firm’s assets to support or generate sales revenue. d. Whether a firm is p
> 1. Which type of ratio indicates the ability to meet short-term obligations to creditors as they mature, or come due? a. Profitability management ratios b. Liquidity ratios c. Market value ratios d. Financial leverage ratios 2. What does the averag
> 1. What does the degree of operating leverage measure? a. The sensitivity of operating income to a change in sales. b. The sensitivity of operating income to a change in costs. c. The sensitivity of sales to a change in operating income. d. The sensi
> 1. A cross-sectional analysis is used for what purpose? a. To evaluate a firm’s performance over time b. To compare different firms at the same point in time c. To compare a firm’s ratios against average ratios for other companies in the firm’s indust
> 1. What is the principal-agent problem? a. When people are hired to make decisions in the best interests of others b. When agents make incorrect decisions due to inadequate information c. When an employee uses company resources for personal use and lat
> 1. What should be the main goal of a firm? a. Create goods and services sustainably and “be green.” b. Improve the social welfare of our workers. c. Maximize accounting profits as ethically as possible. d. Maximize shareholder wealth. 2. What informa
> 1. Which of the following does a common-size financial statement allow analysts to do easily? a. Compare two firms in the same industry. b. Compare two firms with similar total asset amounts. c. Compare two firms with similar revenues. d. Compare two
> 1. What combination of income statements and balance sheets is needed to create the statement of cash flows? a. Two most recent balance sheets and most recent income statement b. Most recent balance sheet and income statement c. Two most recent income
> 1. What is the output of goods and services in the economy referred to as? a. Gross domestic product b. National income c. Inflation d. Velocity of money 2. When gross national product is divided by the money supply, what is the result called? a.
> 1. What topics do the three parts of this book cover? a. Institutions and markets b. Investments c. Financial management d. All of the choices are correct 2. In what part of this book is the financial management of businesses covered? a. Part 1 b
> 1. What are the major areas for possible careers in finance? a. Business financial management b. Depository financial institutions c. Contractual savings and real property organizations d. Securities markets and investment firms e. All the choices a
> 1. What are financial markets, where debt securities with maturities of one year or less are issued and traded, called? a. Money markets b. Capital markets c. Primary markets d. Secondary markets 2. What are financial markets that are physical loca
> 1. What are the four major components of the U.S. financial system? a. Policy makers, a monetary system, financial institutions, and financial markets b. Policy makers, a monetary system, a fiscal system, and real estate markets c. A monetary system,
> 1. Which of the following is the accounting identity? a. Revenues – Expenses = Income b. Liabilities = Assets + Equity c. Earnings before taxes – Taxes = Net Income d. Assets = Liabilities + Equity 2. Which of the following typically appears as a l
> 1. The major financial institutions categories include a. depository institutions. b. contractual savings organizations. c. securities firms. d. finance firms. e. All of the choices are correct. 2. What one of the following types of financial inst
> 1. A currency exchange rate reflects the value of a. a currency’s value in terms of gold. b. a currency’s value in terms of silver. c. one currency relative to another currency. d. the amount of a currency in circulation. 2. When several European c
> (a) What was it that Snowden disclosed? (b) What are the various opinions on Snowden’s disclosures and whether anti-terrorism surveillance is violating the privacy rights of American citizens? Check Republican, Democratic, journalist, pundit and public o
> (a) Who are the stakeholders in this situation? What are their interests? What would be their arguments, pro and con, regarding whistleblower protection for guest workers? (b) Mirna and the other fired guest workers filed a complaint with the National La
> (a). Do the Dodd-Frank anti-retaliation provisions apply to U.S. employees when they blow the whistle while working abroad? Asadi v. G.E. Energy (USA), LLC, 2012 WL 2522599 (S.D. Tex. June 28, 2012) (b). Was Asadi a “whistleblower” under Dodd-Frank? Asad
> (a). Find out what kind of case Cheryl Eckard won, and how much she was awarded. (b). http://online.wsj.com/news/articles/SB10001424052702303443904575578713255698500 What could GlaxoSmithKline have done instead to avoid this expensive outcome?
> The Whitehouse’s response to the State Department’s dissent channel memo disagreeing with President Trump’s executive order on immigration.
> An Illinois eavesdropping statute would have prevented recordings of police speaking audibly in public places. Research: Find ACLU v. Alvarez. What was the background to that law at issue in that case? What was going on to cause it to be passed? How did
> (a) Suppose this took place in New York. Would Donovan succeed in a wrongful discharge claim? (b) Would he succeed in New Jersey? (c) In Montana? (d) This case actually took place in Michigan. Find the Michigan laws protecting whistleblowers and determ
> (a) How would you articulate a claim on behalf of Maclean? What arguments might the TSA make? How should the court rule? (b) The Supreme Court recently decided whether his disclosure was protected under the Whistleblower Protection Act of 1989. How did t
> Supervisor decision regarding armored truck driver who left truck unaccompanied to thwart robbery in bank.
> In September 2016, Pittsburgh became the first U.S. city with an Uber fleet of driverless cars, some 100 modified Volvo SUVs. When hailed by riders, the vehicles will come with a human back-up driver. Pennsylvania transportation rules do not explicitly b
> 1. Following Redfin's lead, some technology firms, have switched from independent contractors to employees. Research: Find out how this is working for the parcel shipping service Shyp, the food delivery service Munchery, the on-demand service for home he
> Should undocumented immigrants be allowed to sue for violations of the FLSA? For discrimination? For trying to organize a union? Research: Find out how the court ruled in Lucas v. Jerusalem Cafe, 721 F.3d 927 (8th Cir. 2013).
> Which are parodies? (a) RADIANCE published an article entitled "The NAACP: the National Association for the Abortion of Colored People," criticizing the NAACP's stance on abortion. The Radiance Foundation v. National Association for the Advancement of Co
> Chen, a former Monsanto Company employee, was offered a job with a Chinese seed company. After he tendered his resignation to Monsanto, the company ran a routine check of his company-issued computers and found them loaded with highly sophisticated and un
> (a) Can anyone legally stop you from using your grandmother’s recipe for your dessert? (b) Can anyone legally stop you from calling it Susan’s Derbie Pie?
> Political campaigns are notorious for the intellectual property issues: (a) What legal and ethical rights do artists have if a candidate they strongly oppose uses their song without permission? (b) When comedian John Oliver learned that Donald Trump's a
> Some biotech inventions—cell-lines and bacteria for example—must continuously replicate in order to be maintained for any use. Something analogous to planting, watering and cultivating is required to keep these synthetic organisms alive. Would such care
> Under U.S. Copyright law, the "First Sale" doctrine allows the purchaser of a copyrighted work to dispose of it however she wishes--use it, sell it, give it away--without permission of the copyright holder. This applies even to textbooks sold abroad at c
> While Copyright generally protects creative--not functional--creations, the law does apply to "pictorial, graphic and sculptural works" that can be "separated from and exist independently of the useful article's function." Would any of the following be p
> Fifty-four Sudanese boys who escaped starvation, disease and militia attacks in Darfur found refuge in the U.S. In 2003, they shared their life stories in a taped interview with film producer Robert Newmyer and screenwriter Margaret Nagle. The refugees r
> 1. How does the DOL list differ from the primary beneficiary test? Why did the appellate court decide to adopt the primary beneficiary test? 2. Find out how the District Court ruled on remand. 3. The court adopts the primary benefit test for for-profit c
> The New York Yankees hold a registered trademark in the phrase "The House that Ruth Built." Should a company be allowed to trademark the phrase: "The House that Juice Built" for use on t-shirts, baseball caps and mugs?
> Actress Cindy Garcia won a small role in what she was told would be an adventure film. Instead, the producers used her performance in an anti-Islamist film, Innocence of Muslims. Garcia's voice was dubbed so that she appeared to be uttering anti-Mohammed
> Consumers and scientists alike have raised concerns about personal care products: one hair-care company received more than 21,000 complaints of itching, rashes and hair loss; experts worry about chemicals that might, over time, increase the risk of cance
> Discouraged by inadequate federal laws or enforcement, some localities have adopted their own laws governing product safety. In 2016, for example, Albany, New York enacted the "Toxic-Free Toys Act." More far-reaching than federal law, the Albany ordinanc
> Find out which retailers are selling Andrew & Williamson’s strawberries and whether other companies have signed on to the program. How would you evaluate its success?
> In 2014 GM recalled some 11.2 million vehicles sold in the United States for defective ignition switches, malfunctioning taillights, and sudden loss of steering because of improperly tightened parts. Research: Find out what happened at GM that led the ca
> Anton Yelchin got out of his 2015 Jeep Grand Cherokee and walked down his driveway. The vehicle rolled down behind him, crushing the actor against a concrete-reinforced mailbox and killing him. The Jeep had been recalled only a month earlier, after dozen
> DDT is a cheap way to eliminate insects that threaten crops and people—including mosquitoes that spread malaria. Because it accumulates in the food chain and causes harm to humans and animals, its use has been banned in the United States since 1972. Howe
> Pokémon GO --an "augmented reality game" that allows users to move around the real world and capture small animations of the monster Pokémon, using the camera on a smart phone--was all the rage during summer 2016. One user slipped and fell into a ditch;
> Joshua Brown, a Navy veteran who loved technology and started his own consulting firm, was one of the first to buy a Tesla. According to preliminary reports from the NHTSA, Brown had been driving his Tesla in self-drive mode in May 2016 when a tractor-tr
> 1. Look at the Guidance published by the Department of Labor, which has no mention of "flexibility" as a factor to be considered. Which do you think offers a better test: Means and Seinerd or the administrator who wrote the DOL Guidance? Why? 2. How migh
> Find out about Samsung’s corporate culture. How might its culture have contributed to the problem with the Note 7?
> Fitbit users have complained that the activity tracker does not monitor heartbeats correctly during intensive exercise, and that its sleep tracking data is not accurate. What action might a user take?
> Since 1999, more than 165,000 people died of addiction to prescription drugs such as Oxy-Continan and Percocet. In 2008, Cephalon, Inc. pleaded guilty to aggressively marketing its powerful painkiller, the fentanyl lollipop Actiq to family practitioners
> The non-profit ProPublica produces investigative journalism in the public interest. Since 2010 it has been tracking drug company payments to doctors, using the Physician Payment Sunshine Act, which is part of the Affordable Care Act. This law requires al
> 1. What is a patent troll? Is there anything unethical about patent trolling? 2. The author points to problems created by over-patenting. What are they? What are the potential problems with an IPR system that does not provide enough protection for invent
> 1. What effect does the outcome of this case have on Redmond’s ability to earn a living? Should PepsiCo have to re-hire him? 2. Suppose PepsiCo had terminated Redmond before Quaker hired him. Do you think this case would be decided differently? Should it
> 1. How did Mattel’s aggressive use of intellectual property law help the company? What problems developed for Mattel as time went by? 2. What connections between intellectual property laws, desire, sex and commercial gain do the authors draw from the sto
> 1. Why does the First Amendment challenge fail? How is this case different from the Crazy Horse case in the Marketing Chapter? 2. Why does the plaintiff lose its argument under the Lanham Act? 3. Why the Redskins are still called the Redskins? What is t
> 1. Is there intellectual property at stake in this case? Explain. How might copyright law apply to this case? 2. What ethical arguments are involved? Which is more persuasive? 3. Every state has its own law regarding the right of publicity; some don't r
> 1. On what basis does the majority deny motions for summary judgment? Why does the dissent disagree? 2. Identify the various stakeholders in postings on You-Tube. Does the DMCA seem fair to each? 3. Under the DMCA, nonprofit educational service provider
> 1. What difference does categorizing the drivers make? 2. What argument can you make that Lyft drivers are independent contractors? That they are employees? 3. Uber began in San Francisco in 2009; by 2015, its drivers were in 50 countries around the worl
> 1. Why does Tenenbaum lose this case? Does the outcome seem fair? 2. The music industry asked the judge to prevent Tenenbaum from promoting illegal file sharing and the judge refused. Articulate an ethical analysis of Tenenbaum’s actions and of the music
> 1. How does a copyright holder prove that its rights have been violated? Did the plaintiff here meet that standard? 2. Were any parts of Atomic Dog copyrightable? Which ones? 3. Is there an ethical difference between Shakespeare’s use of Plutarch for Ro
> 1. What were the parties' obligations under the contract? How was defendant allegedly in breach of contract? 2. The UCC is statutory law in every state that governs transactions in goods in great detail. Other kinds of contracts must instead comply with
> 1. What does Sugar man mean by “performance-based regulation?” To what alternatives does he point? 2. Identify the pros and cons to each approach.
> 1. Why was this law adopted? Research: (a) Find out who sponsored and supported the Protection of Lawful Commerce in Arms Act. (b) Who opposed it? (c) What efforts have been made to amend or repeat the law? 2. For each of the following cases, consider wh
> 1. Do an ethical analysis of Ford executives’ decision to move ahead with the design of the Pinto. Who are the stakeholders? What would a free market approach look like? A utilitarian? A deontological? 2. Compare Volkswagen's decision to cheat on emissio
> 1. Do you think standards to guide agency decisions on whether a GMO should be permitted to be released into the environment are needed? Why/ why not? 2. In November 2015 the FDA ruled that AquaBounty Technologies could market a genetically-engineered sa
> 1. In 2015 the American Medical Association called for a ban on DTC drug advertising. (a) Why? What does the Pharmaceutical Research and Manufacturers of America (PhRMA) have to say about this idea? (b) Would a ban on DTC advertising of prescription dru
> 1. Embedded advertisements in Youtube Kids. Research: How did the FTC respond? 2. In late 2015, the New York Times revealed that Coca Cola had spent $1.5 million in 2014 to support the Global Energy Balance Network, a nonprofit group made up of universit
> 1. Find out what consumer advocates think of CARU’s work. 2. Construct an ethical argument that advertising to children should be prohibited. Critique that argument again, using ethical tools. 3. What has the CBAI accomplished? How do critics assess its
> 1. Why would the plaintiff sue Uber instead of the driver? What legal arguments does the plaintiff make that would hold Uber responsible for the driver's assault? 2. In the District of Columbia, employers operating public businesses are generally "bound
> 1. In March 2016, eight years after it was filed, POM Wonderful $77 million Lanham Act lawsuit against Coca Cola finally ended in a California jury verdict. Research: What result? 2. Articulate the different ways in which Justice Kennedy views the Lanham
> 1. What are some of the factors that might make it easier for online scams like this one to succeed? What are some of the factors that might make them difficult to discover and prosecute? 2. Now that Robert and Robyn Held were found guilty of violating
> 1. What are the two assumptions of consumer demand theory as Galbraith explains it? How does Galbraith undermine those assumptions? 2. Galbraith says most economists sense "the damage to established ideas that lurks in these relationships." What does he
> 1. Find out how the Central Hudson test was applied in the following cases: (a) The city of Baltimore passed an ordinance banning billboard advertising of alcoholic beverages and cigarettes near schools and playgrounds. (b) The New York State Liquor Auth
> 1. How does the author distinguish between the traditional environmental movement and the environmental justice movement? How does she distinguish between the sustainability movement and the movement for food justice? 2. What similarities does the author
> 1. What are the two contrasting stories in this case? Do you think Lucas knew when he bought the land that by building on it he would soon be the owner of a “pig in a parlor”? 2. What two types of actions automatically trigger compensation? Why does the
> 1. Are there any similarities between how John Locke and Pope Francis view the relationship between human beings and their natural environment? Are there differences? 2. What similarities can you identify between Pope Francis’s statement and The Universa
> 1. What differences do you see between the Lockean view of nature and the views expressed in this document? 2. Find out what happened with the 2010 lawsuit a group of environmental activists brought against BP in Ecuador.
> 1. What gives a person the right to own property? Any limitation on that right? Why does Locke believe people form government? 2. What are ways in which Locke’s philosophy does not appear to not fit the twenty-first century context? 3. What do you think
