Martin believes use of scooters is unreasonably dangerous because a classmate told him about an accident the classmate was in where he was injured. Martin files a lawsuit to stop the use of scooters on campus due to the danger. How will the court handle the lawsuit?
A. Allow the lawsuit to go forward because Martin knows someone who was hurt.
B. Dismiss the lawsuit for lack of standing.
C. Allow the lawsuit to go forward because Martin could be hurt in the future.
D. Dismiss the lawsuit because it should be a class action.
Answer: B. Dismiss the lawsuit for lack of standing.
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Janssen Company has old inventory on hand that cost $24,000. Its scrap value is $32,000. The inventory could be sold for $80,000 if manufactured further at an additional cost of $24,000. What should Janssen do?
a) Sell the inventory for $32,000 scrap value b) Dispose of the inventory to avoid any further decline in value c) Manufacture further and sell it for $80,000 d) Hold the inventory at its $24,000 cost
In 2005, a GAO report revealed that the Bush administration paid ________ on advertising and public relations contracts over a two-and-a-half-year period
A) $1 million B) $50,000 C) $500,000 D) $1.6 billion