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The imagined circumstances which the exam will test are as follows. After completing Business Law and graduating from Wayland University, you decide to start a business of your own. With some personal savings, equity on your house and a twenty thousand dollar inheritance, you weigh many small business opportunities that might be taken: You could buy a carwash, or start an office cleaning company, or operate a copy/mail store, or hang a shingle as a tax consultant or start a professional nanny service, or a Photography business—you must choose a small business following your talents and interests. Choose any business that suits you and apply business law to the following essay questions.
You wish to set high ethical standards in business and follow principles of corporate social responsibility. Describe steps and actions to follow with this commitment.
Determine the expected number of nonconforming units that will result from a production run of 20,000 units. Assume that all previously stated conditions regarding the process remain as described during the production run of 20,000.
1. identify the potential advantages which you might enjoy in becoming manager of a group of which she has long been a
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One criticism of both product cost percentage and contribution margin methods used for determining menu prices is that both are based primarily on cost of food
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