Sole proprietorships do not need to comply with laws and regulations that govern how businesses operate
Indicate whether the statement is true or false
FALSE
Explanation: Every business, whether it is a large multinational corporation, or a small, sole proprietorship, must comply with laws and regulations that govern how businesses operate. Large or complex business entities have lawyers and legal counsel. Small business owners, whether they intend to stay small or plan to grow, generally hire lawyers only on an as-needed basis. Regardless of whether a business is large or small, the people who operate it should have a basic understanding of the laws of the U.S. legal system to be sure they are functioning within the law.
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Which of the following did the statistician Tukey coin as errors solving the wrong problem?
A) Type I errors B) Type II errors C) Type III errors D) Problematic errors E) Inconsistent errors
Miranda Airways, a commercial air carrier, has a contract with Wurtherton Inc, an airplane manufacturer, to purchase a new plane. Due to a sudden shortage of cash, Miranda Airways goes to MetrosBank
MetrosBank issues a document to Wurtherton that if Miranda does not pay for the transaction, MetrosBank would. Wurtherton considers the offer and then sends an acceptance with additional terms. The additional terms stipulate that Miranda Airways could have the new airplane for a period of 10 years and then return it to Wurtherton. Miranda Airways agrees to the acceptance, and Wurtherton hands over the new airplane to them. What Uniform Commercial Code rule was applied when Miranda Airways agreed to the additional terms acceptance provided by Wurtherton? A) firm offer rule B) mirror image rule C) battle of the forms rule D) gap-filling rule