Which of the following is a correct statement regarding boycotts?
A) Unlike a strike, a boycott is a means used to prohibit a company from carrying on its business so that it will accede to union demands.
B) Primary boycotts are illegal.
C) A union may boycott an employer with which the union is directly engaged in a labor dispute.
D) Secondary boycotts are legal.
C
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Jay Co., CPAs, audited the financial statements of Maco Corp. Jay intentionally expressed an unmodified opinion on the financial statements even though material misstatements were discovered. The financial statements and Jay's unmodified opinion were included in a registration statement and prospectus for an original public offering of Maco stock. Which of the following statements is true regarding Jay's liability to a purchaser of the offering under Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934?
A. Jay will be liable if the purchaser relied on Jay's unmodified opinion on the financial statements. B. Jay will be liable if Jay was negligent in conducting the audit. C. Jay will not be liable if the purchaser's loss was under $500. D. Jay will not be liable if the misstatement resulted from an omission of a material fact by Jay.
Compared with undifferentiated marketing, differentiated marketing is more likely to lead to ________
A) reduced sales in each market segment B) weaker product position in each market segment C) higher costs of doing business D) redundancy in product design across market segments E) smaller market share in the industry