1. List, and briefly explain, the elements that must be present for a valid, legally enforceable contract. Your explanation should include why each element is important under modern contract law.

How does your Saudi Aramco’s sustainability statement compare to P&G’s sustainability statement?

BUSINESS LAW 1

5 . The doctrine of market share liability may be used :

a) where the plaintiff cannot prove which one of multiple defendants

caused his harm

b) where multiple plaintiffs sue the same defendant for the same harm

c) where a defendant’s tortious conduct causes harm to the plaintiff’s

business in the form of lost or decreased market share

d) as a defense to a products liability lawsuit ____

6 . Abby tells Bob that she will sell him her rare coin collection for $1000. Bob tells

Abby that he does not think the collection is worth that much, but would buy it

for $800. Which of the following is NOT true?

a) Bob has made a counteroffer, but if Abby does not accept, Bob can stil l buy the

collection for $1000

b) Bob has rejected Abby’s offer and can no longer accept it

c) Bob has made a counteroffer, which Abby can accept or reject

d) Abby and Bob have not reached a meeting of the minds ____

7 . Gift or donative promises generally are:

a) voidable

b) unenforceable

c) disfavored in the law

d) enforceable only if in writing ____

8 . Suppose that a plaintiff suffers total damages of $100,000 in a car acciden t

for which he was 70% at fault and the defendant was 30% at fault. Unde r

the pure comparative negligence rule, the plaintiff would recover:

a) $100,000

b) $30,000

c) $0

d) $70,000 ____

Define the five dimensions of an entrepreneurial orientation and why are they important?

3. Discuss the role investment bankers play in the issuance and sale of new securities.

4. Identify the three methods that the federal reserve system uses to control money supply in the economy, and explain when and how these methods are applied.

A key Lean Principle is Create Flow. Identify three tools that support or promote flow in a manufacturing company. Describe how they help the flow of production.

1. Create a network diagram and project schedule (illustrated in a Gantt chart) from the following set of tasks. Use the task number, duration, and dependencies of each task given and construct a schedule so that the project is completed in the least number of days possible. Include a management reserve of approximately 10%.

2. Draw the Network Diagram and calculate the early and late schedules

3. What tasks, in order, are on the critical path?

4. Draw the Schedule as a Gantt Chart?

5. What does the graphical representation of the WBS look like for the project?  

Note: only the terminal graph nodes are shown in the tasks above; construct logical section titles where needed!

Explain the difference between a strike and a lockout. Include an explanation of different types of strikes, and how the possibility of a stike/lockout can be addressed as part of a labor agreement.

Almost half of the US states have enacted so-called Right to Work laws. Explain what these laws are, and whether they are fair to unions and union members. Look at the issue from both the union's point of view, and from the point of view of employees who don't want union representation.

Explain what a union is, including who is allowed to join a union, what a shop steward is, types of unions, and why some employers don't want unions.

What is the National Labor Relations Act? Write a short summary of the history of this law, and the five (5) unfair labor practices it was designed to prohibit.

From Washington’s point of view, what were the chief obstacles to be overcome in fighting the war? How did he address those problems? In your own words. I can tell when you just copy and paste.

Explain what means by barriers of effective listening to your audience?

Baker has been assigned to research the literature for a possible solution to a major operational problem at his employer. Baker spends many weeks searching the literature and finds a common solution theme for similar problems at various companies in various industries. Baker is somewhat dubious that the commonly reported solution would actually work at his employer. He has been thinking, and has a thought about a different solution that has never been tried before. He must report to the Board of Directors in three days. They are a no-nonsense Board and they expect results. The operational problem must be solved. What should Baker do?