Your Phone Rings, and a Voice on the Line Asks

question 470

Multiple Choice

Your phone rings, and a voice on the line asks if you will answer a short survey about your Internet service. When you agree and spend the next ten minutes answering questions regarding your Internet service, you have just exhibited

• A)obedience.
• B)compliance.
• C)conformity.
• D)pseudostupidity.

Analyze the implications of specific doctrines and legal rules on corporate management and operations.

Understand the process and requirements for corporate formations and dissolution.

Appreciate the nuances of corporate financing and securities law.

Grasp the concept of limited liability and its impact on shareholders and directors.

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Definitions:

Situational Attribution

A decision by an observer to attribute a behavior to environmental forces facing the person who performed it rather than to that person’s internal state. See also Dispositional attribution.

Dispositional Attribution

A decision by an observer to attribute a behavior to the internal state(s) of the person who performed it rather than to factors in that person’s environment.

Internal Locus

An individual's belief that they can control their life events and outcomes, as opposed to external forces having that control.

External Locus

The belief that external forces or situations beyond one's own control dictate the outcomes of one's actions.