Discuss why it is important to keep a clean credit record
What will be an ideal response?
Answer:
1. It provides a source of funds that might not otherwise be available in the case of an emergency or crisis. You might lose your job or become ill.
2. It can significantly hurt you in getting a car loan, an apartment, and even a job.
3. It significantly affects the rate that you pay when you borrow money. Rates can be up to six percent higher on mortgage rates for those with poor credit.
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In the State Street case discussed in the text, what change was made to patent law?
A) Invention promoters were determined to be liable to inventors for damages caused. B) Computerized online business operating plans and arrangements were determined to be eligible for patent protection. C) Copyright protection was extended to previously noncopyrighted works once they are available over the Internet. D) Patent protection was determined to apply during the provisional period.
Which descriptor best characterizes spineless managers?
A) They have two contrasting personalities. B) They believe people are plotting to take their power. C) They accumulate and guard resources. D) They avoid decisions in order to avoid being held accountable later.