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  1. What is one of the key investments companies can make to help them develop organizational capabilities?
  1. Acquiring firm-specific human capital from competitors
  1. Investing in a portfolio of financial investments to hedge their risk
  1. Investing in different knowledge, skills, and abilities of its employees WRONG
  1. Acquiring companies with heavy amounts of technology and equipment
  1. What is one disadvantage to relocating a business?
  1. Easy access
  1. More space
  1. Increase in profits
  1. Costly
  1. Stack & Associates, LLC is a local based accounting firm that prepares and does audits for small businesses. Which type of business is the firm considered?
  1. Counseling
  1. Service
  1. Goods
  1. Entrepreneurial
  1. One challenge expatriate employees face in developing global leadership skills is:
  1. Time spent abroad is not beneficial
  1. Expatriates spend most of their time working with home country issues
  1. A short stay abroad is not enough to have impact
  1. Bringing your home country to the foreign country
 
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You are the manager of a local toy store. The hottest Christmas toy of the year is the new “Peter Panda” stuffed animal. The toy is in great demand and almost impossible to find. You have received your one and only shipment of 12, and they are all promised to people who previously stopped in to place a deposit and reserve one. A woman comes by the store and pleads with you, saying that her six-year-old daughter is in the hospital very ill, and that “Peter Panda” is the one toy she has her heart set on. Would you sell her one, knowing that you will have to break your promise and refund the deposit to one of the other customers? (There is no way you will be able to get an extra toy in time.)

Your decision?

a. Would sell
b. Would not sell
c. Unsure

Rationale?

 
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You are a health systems analyst with MegaHealth. You currently operate a nursing home that falls under the Hill Burton law. After seeing a news report on the aging of Americans, the board chair has expressed an interest in opening long-term care facilities in Oregon, Wisconsin, and Minnesota. The vice president for planning has asked you for background information on:

  • Hill Burton requirements for your nursing home,
  • Certificate of Need (CON) requirements for long-term care for each of the states listed.

Research the Hill Burton law and Certificate of Need laws. Prepare a paper in APA 7 format. Include the following in the paper with a heading for each section. Discuss the following content.

  • Hill Burton law requirements including a federal statute and any regulations
  • Discussion of the pros and cons of the Hill Burton law and whether it continues to be needed. Include reasons to support your discussion.
  • Recommendations to ensure management compliance with the Hill Burton law.
  • Certificate of Need (CON) requirements for each state including a state statute from each state and any regulations
  • Create a table that compares the legal requirements for a CON in each of the three states. The table should include a SWOT analysis of Strengths, Weaknesses, Opportunities and Threats to expansion in each state.
  • Strategic recommendation of how to expand into all states with consideration of which state or states would be best to expand into first or last based on CON findings. Support your recommendations with solid reasons based on the law.

Include an introduction and conclusion to the paper, in-text citations, and references in APA 7 format.

 
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Tyler and Stacie are each starting a business. Tyler’s business is a candy store. Stacie’s business is an internet start-up, and she needs millions of dollars in venture capital. She expects to go public soon. Tyler has borrowed $15,000 from his grandfather, which he hopes to pay back soon. Explain whether either of these businesses should organize as an LLC. If not, what form of organization would you recommend and why.

8. Johnny and Stevie formed an LLC to buy and renovate motels. They did not sign an operating agreement, but they orally agreed that they would dissolve the LLC if they could not get along. The two owners argued repeatedly, and Johnny refused to meet with Stevie, although he was willing t o take her phone calls. Johnny continued to work on the renovation that was then underway. Stevie asked a court to dissolve the LLC. Under state law, an LLC without an operating agreement could only be dissolved if (1) the management of the entity is unwilling to reasonably promote the stated purpose of the entity or (2) continuing the entity was financially unfeasible. What result is Stevie’s lawsuit? What is the moral of the story?

9. In their spare time, Jocelyn and Twyla like to sew quilted jackets. After this sideline becomes profitable, Jocelyn tells Twyla that she is going to start quilting jackets on her own without her – she thinks she is more creative than Twyla. Does Jocelyn have a right to exclude Twyla? Are they partners?

10. Mullins hired Mutt, a young carpenter, to build his new veterinary clinic. A week after they signed the contract, Mutt incorporated Mutt Construction, Inc. Dr. Mullins made payments to the corporation. Unfortunately

the work on the clinic was shoddy and not completed timely. Dr. Mullins filed suit against Mutt and Mutt Construction, Inc. Mutt argued that if the corporation was liable, he, as an individual, must not be. Who is liable to Dr. Mullins? Does it matter if Mutt signed the contract in his own name or in the name of the corporation?

 
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