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You are currently a computer technician employed by Tech Assistance, Inc. The company provides a wide range of services, including computer system setup, PC and server repairs, and upgrades, virus and spyware removal, data recovery services, and Internet security. The company was founded by Erin Wilson about five years ago. You are one of five technicians who make service calls and occasionally work in the repair center when needed. You like your work but feel a sense of frustration when fellow employees fail to give their best efforts. The owner is very effective in solving technical problems but often displays poor people skills. She simply does not pay attention to employees, to what they are doing, or to how they are feeling. She knows almost nothing about their hobbies, family status, or personal concerns. There are times when you feel like quitting, but you like solving technical problems and helping customers with their computer needs. You have decided to meet with Erin and provide some suggestions on how to become a more effective leader.
 
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Myra agrees to sell
Connie her house for $250,000.00. The next day, a tornado destroys the house.
Will either party be bound by the terms of the contract?

O A. No, unless both
parties agree to rescind the contract.

O B. No, because the contract becomes
impractical due to the destruction of the subject matter.

O C. Yes, however out
of fairness the courts will allow additional time to repair the house.

O D. No, because the contract becomes
impossible due to the destruction of the subject matter.

As a general rule, an
illegal contract is

O A. automatically void

O B. conditionally voidable

O C. automatically
voidable

O D. conditionally void

When a person lacks capacity, generally those contracts
are

O A. void

O B. illegal

O C. unenforceable

O D. voidable

 
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How would you manage a family meeting to decide if you have to close the company or try to save it? Imagine the composition of the family is: a) two brothers are the partner b) every brother has 2 children c)s 50% of the children will be part of the company

In this company, “X” you have a technical partner (50% of the capital), that is the new husband of the CFO (the remaining 50% of the capital). They are going to retire. They want to sell the company, but the son of the CFO (currently marketing director) wants to keep going on (he raised the revenues 800% in the last 5 years). How to solve the problem?

 
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Profiting from Pain: Business and the U.S. Opioid Epidemic

  1. What were the pharmaceutical industry’s strategy and actions leading up to the opioid crisis? Was this strategy ethical? Why or why not? Consider the concepts of ethical universalism, ethical relativism, and integrative social contracts theory (Ch. 9).
  2. Who are the pharmaceutical industry’s stakeholders? Which stakeholders were directly or indirectly impacted by the opioid crisis? Are there any stakeholders who bear some responsibility for the crisis?
  3. You are the CEO of a major publicly-traded pharmaceutical company. You are under pressure from shareholders (i.e., your investors) to improve the company’s financial performance. Would a commitment to ethics and socially responsible business practices be in the best long-term interest of your company’s shareholders? Would it contribute to your company’s competitive advantage? Would it impact profitability?
 
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