Exam 1: law, value creation, and risk management

U.S.business law promotes consumer welfare through which of the following?

Fact Pattern 1-1 Susan, the CEO of ABC Company, which was involved in the production and sale of hair care products, decided to hire new employees to develop new product lines for a planned expansion into the dog shampoo arena. She was concerned, however, that the employees specializing in canine products might leave at some point, taking company secrets with them for use in competition with ABC. She, therefore, required that the employees sign contracts containing covenants not to compete. Susan also consulted her in-house counsel, Sam, regarding the effect of some new regulations involving the use of certain chemicals in shampoo and conditioner. Sam told her, however, to ignore the regulations until some type of investigation of the company was started. Sam says that more than likely no one will ever check to see whether or not ABC is in compliance. Susan disagrees with his advice and decides to seek other counsel. -Refer to fact pattern 1-1. The government regulations pertaining to the use of certain chemicals involved which of the following types of law?

Which of the following is true regarding legally astute management teams practicing strategic compliance management?

Which of the following is listed in the text as a component of managing risk when assembling a team in business development?

Which of the following has the responsibility for deciding which allocation of resources and rewards in a business makes the most business sense?

The ______ approach recognizes that "business decisions consist of continuous,interrelated economic and moral components."

Lobbying legislators is one method by which managers can help shape the environment in which they do business.

Self-regulation within the advertising industry has been largely successful in reducing the number of fast-food commercials directed at children.

Which of the following was enacted after widespread abuses in the subprime mortgage market?

As the public has become more concerned about childhood obesity,which of the following is a government agency referenced in the text that is considering a ban on certain types of children's advertising?

Which of the following was created by food advertisers in an attempt to halt government regulation aimed at stopping marketing preying on children's vulnerability?

The European Union's center of operations is in Brussels,Belgium.

Law is dynamic as opposed to static

Under the resource-based view of a firm,when can a firm's resources be a source of sustained competitive advantage?

Discuss ways in which laws and regulations promote economic growth.

The entering into of nondisclosure agreements is an unethical practice that should not be tolerated by a legally astute manager.

Private law provides the legal rules within which firms compete.

The protection of private property rights is one way to promote economic growth within a society.

Which of the following is not a component of legal astuteness as referenced in the text?

Which of the following is a theory that recognizes that firms have relationships with many constituent groups which both affect and are affected by the actions of the firm?