The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
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Chapter 10, Problem 4RE
Summary Introduction
Case summary: The person E worked for P&A company as a roadmaster for a railroad in Alaska. He was responsible for safe and effectual maintenance of tracks, marine facilities, and structures. A rock quarry project punctured a high-pressure pipeline running beneath. The person E was held responsible for carelessness and toxicities in water.
To find:Non-awareness of the law as a defensive measure.
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If you were starting a business, what would you like to do?
Please briefly explain each of the below.
1. An overview of your business idea (one or two sentences).
2. A description of your product and/or service. What problems are you solving for your target customers?
3. Your goals for the business. Where do you expect the business to be in one year, three years, five years?
4. Your proposed target market. Who are your ideal customers?
5. Your competition and what differentiates your business. Who are you up against, and what unique selling proposition will help you
succeed?
6. Your management team and their prior experience. What do they bring to the table that will give your business a competitive edge?
7. Financial outlook for the business. If you're using the business plan for…
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The Legal Environment of Business: Text and Cases (MindTap Course List)
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- Microeconomics Unit 4 Practice Sheet Riya Price Part 1: Monopoly- Use the graph of a non-price discriminating monopoly to answer the following questions. Show your work when asked to calculate. $160 $140 1. Identify the profit maximizing price and quantity. $120 MC 2. Calculate the total revenue at the profit $100 maximizing price and quantity. ATC $80 3. Calculate the total cost at the profit maximizing price and quantity. $60 4. Calculate the profit or loss at the profit maximizing price and quantity. $40 5. Calculate the area of deadweight loss. $20 6. Identify the socially optimal MR D (allocatively efficient) price and quantity. 7. Identify the price and quantity where the total revenue is maximized. 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Quantity 8. At the price of $120, is the demand relatively elastic, relatively inelastic, or unit elastic? Why? 9. Identify the price and quantity if this monopoly's fixed costs increase by $140. 10. Identify the profit maximizing price…arrow_forwardAnsarrow_forwardGeneral Accounting questionarrow_forward
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