Competitive advantage is defined as
a. a company's ability to have the lowest price.
b. a company's ability to create more economic value than its competitors.
c. having the most innovative equipment and patents.
d. having the best HR practices.
Ans: b. a company's ability to create more economic value than its competitors.
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Which of the following is a similarity between a public corporation and a limited liability company?
A) Both have a limitation on the number of owners. B) Both allow owners control over daily management decisions. C) Both limit liability of owners to loss of capital contribution. D) Both have their profits taxed as income to corporation and again as income to owners when distributed as dividends.
The intentional tort of assault requires that:
a. there be physical contact with the body b. the injured party have knowledge of the danger c. the injured party be detained against his or her will d. the defendant intended to injure the plaintiff e. all of the other choices