Distinguish between a felony, a misdemeanor, and a petty crime
What will be an ideal response?
Felonies include serious crimes such as murder or rape, and are punishable by death or imprisonment in a penitentiary. Defendants charged with a felony are entitled to a jury trial. Misdemeanors, which are considered less serious crimes, are punishable by a fine or by imprisonment of less than a year in a local jail. Examples of misdemeanors included assault (a threat to injure someone) and disorderly conduct. In most states, petty crimes are considered a subcategory of misdemeanors; they are punishable by a fine or incarceration for six months or less. A building code violation is an example of a petty crime.
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What is bundling?
A) This is the practice of pricing two or more products together as a unit. B) This is the strategy in which the cost of producing or buying the product—plus making a profit—is the primary basis for setting price. C) This involves setting a low price to attract many customers and deter competition. D) This involves setting a high price to make a large profit; it can work when there is little competition. E) This is when a company assigns regular prices to products but then resorts to frequent price-cutting strategies, such as special sales, to undercut the prices of competitors.
Jake's Copy Center hires a new employee. Jake knows he has to be patient with the employee until the employee gains enough experience to meet production standards
Jake is unsure of the learning curve in his operation, but he knows the first job by a new employee averages 50 minutes and the second job averages 40 minutes. Assume all jobs to be equal in size. Required: a. What is the learning-curve percentage, assuming the cumulative average-time method? b. What is the time for a new employee to do 32 jobs with this learning curve using the cumulative average-time method? You may use an index of ?0.1520.