Bill, a local inventor, developed a diet pill that he believes will solve the obesity problem in the
United States. Bill wants to create a new company, 50% owned by Bill and 50% owned by a major
drug company.
Although he believes the pills are safe, Bill is concerned about liability if someone
becomes sick or dies. The best form of business organization for the new company is
A) limited liability company with Bill and the drug company owning equal shares.
B) general partnership with Bill and the drug company as equal partners.
C) sole proprietorship with Bill as owner and the drug company as creditor.
D) S-type corporation with Bill and the drug company owning equal shares.
A
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As an HR manager, you learn that an employee is being overpaid. What would be the best way to handle this situation?
A) promote the employee, if qualified, to a job in a higher pay grade B) bring the job rate and employee into line with a pay cut C) freeze the rate until cost-of-living increases bring it into line D) redesign the job by quantifying it with the factor comparison method