The two types of negligence suits that most commonly threaten business are strict liability and vicarious liability. strict liability and professional negligence. occupiers' liability and strict liability. occupiers liability and product liability.
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- Which of the following statements are correct regarding the characteristics of a guardianship of the person used to care for the personal needs of an incompetent person? The guardian is appointed by a court. The guardian is appointed by a durable power of attorney. The guardian's authority may be plenary or limited. A guardian becomes personally liable for the incompetent person's expenses.Parker Plaintiff is in a hurry and stops by a convenience store for a drink. The store is out of her favorite brand of soda, so Parker decides to go elsewhere. Before Parker can leave, she is stopped by a store employee that accuses her of shoplifting. The employee escorts Parker to a small room in the back of the store and tells Parker that if she attempts to leave the room, she will be arrested and sent to jail. Parker waits for over an hour before the manager tells her that she is free to go. What advice would you give Parker? Discuss the possible tort claim Parker might have against the store. Be sure to include the elements of the tort and relate those elements to the scenario. If Parker decides to pursue a claim against the store, should she consider a lawsuit, mediation, or arbitration? explain why your choice is the best option.Differentiate glocalization from grobalization. Discuss the concept of McDonaldization.
- Which of the following insurance carriers are required to participate in Illinois Worker’s Compensation Assigned Risk Pool? All companies authorized to write insurance in Illinois Only the 10 companies that write the most worker’s Compensation policies in Illinois All companies licensed to write Worker’s Compensation All companies writing over $1000,000 in annual premiumsAccording to the due care theory of product liability Question 2 options: A company can be held liable for damages from defective products only when there is an understood agreement between the buyer and seller that is established by their behavior A company can be held liable for damages as long as the product is defective and dangerous A company can be held liable only when they fail to observe reasonable standards in the design and manufacture of products All of the aboveDeferred compensation is another practice that employers may choose to adopt in certain circumstances. Based on your understanding of the course material, describe three benefits an employer might experience from using deferred compensation.
- List 5 unique complementary pairs and 5 unique substitute pairsA real estate firm faces two kinds of employees, those able to sell 10 houses/year, and those able to sell 5 units/year. High-productivity employees are willing to work for $100K/year while low-productivity employees are willing to work for only $50K/year. Which compensation scheme would be able weed out low productivity workers the best? Group of answer choices Offer a salary of $100K. Offer a salary of $75K plus $5K/unit commission. Offer a sales commission of $10K/unit. Offer a sales commission of $20K a unit starting with 6th unit. Offer a salary of $50K plus a sales comission of $10K per unit.The health care industry encompasses the following sectors, except: A. Dental careB. Health clubsC. Nonprescription drugsD. Nursing homes
- at point b) - The formula written down when MC is equated with MR is d(P x Q) / dQ. Then in the next step, dQ is cut down and only P is left. Shouldn't dP be left here?Imagine a signaling model where there are two types of workers, low-productivity workers with a productivity of 10, and high-productivity workers with a productivity of 30. The proportion of low-productivity workers is .5. Firms are competitive and obtain profit equal to the productivity of the worker they hire. Workers can obtain one of three levels of education: e1, e2, and e3. Workers get utility equal to their wage minus the cost of education. Wages must be between 10 and 30. The cost of getting an education for low-productivity workers is e1 = 0, e2 = 9, e3 = 18. The cost of getting an education for high-productivity workers is e1 = 0, e2 =4, e3 = 8. Are there any separating equilibria in this model? If so, find them, if not show why they do not exist.Imagine a signaling model where there are two types of workers, low-productivity workers with a productivity of 10, and high-productivity workers with a productivity of 30. The proportion of low-productivity workers is .5. Firms are competitive and obtain profit equal to the productivity of the worker they hire. Workers can obtain one of three levels of education: e1, e2, and e3. Workers get utility equal to their wage minus the cost of education. Wages must be between 10 and 30. The cost of getting an education for low-productivity workers is e1 = 0, e2 = 9, e3 = 18. The cost of getting an education for high-productivity workers is e1 = 0, e2 =4, e3 = 8. A) Are there any pooling equilibria in this model? If so find all of them, if not, show why they do not exist.