Pat is pledging a fraternity. As part of his initiation, he must eat a piece of cheese without using his hands. The cheese is on a mousetrap which has been set. While trying to get the cheese off the mousetrap, he accidentally springs the trap, which clamps onto his nose and injures him. Pat files a product liability suit against the hardware store which sold the trap to another fraternity member. Which of the following, if true, would allow the hardware store to avoid liability? a. Any defect in the mousetrap was caused by the manufacturer, not the hardware store.
b. The mousetrap was being misused in a way that was very far from its intended purpose.
c. Pat cannot sue the hardware store without suing the manufacturer and wholesaler at the same time.
d. The store exercised reasonable care in selling the mousetrap.
e. None of these would allow the hardware store to avoid liability.
f. Pat was not the purchaser of the mousetrap and therefore had no standing to sue.

Net income and owner's equity for four businesses four different proprietorships, jupiter, mars, saturn, and venus, show the same balance sheet data at the beginning and end of a year. these data, exclusive of the amount of owner's equity, are summarized as follows: total assets total liabilities beginning of the year $550,000 $215,000 end of the year 844,000 320,000 on the basis of the preceding data and the following additional information for the year, determine the net income (or loss) of each company for the year. (hint: first determine the amount of increase or decrease in owner's equity during the year.) jupiter: the owner had made no additional investments in the business and had made no withdrawals from the business. mars: the owner had made no additional investments in the business but had withdrawn $36,000. saturn: the owner had made an additional investment of $60,000 but had made no withdrawals. venus: the owner had made an additional investment of $60,000 and had withdrawn $36,000. jupiter net income $ mars net income $ saturn net income $ venus net income $

The returns on the common stock of maynard cosmetic specialties are quite cyclical. in a boom economy, the stock is expected to return 22 percent in comparison to 9 percent in a normal economy and a negative 14 percent in a recessionary period. the probability of a recession is 35 percent while the probability of a boom is 10 percent. what is the standard deviation of the returns on this stock?

Best burger is a major fast food chain. its managers are motivated to grow the firm in order to increase their market power and change the industry structure in their favor. which of the following strategies is most associated with their motive for growth? a. employing celebrity spokespeople b. implementing automated burger-making machinery c. purchasing competitors d. increasing executive salaries