In USVLaGrou Distribution Systems,where LaGrou,a Cold Storage Warehouse for Commercial Food,was

question 228

Multiple Choice

In U.S.v.LaGrou Distribution Systems,where LaGrou,a cold storage warehouse for commercial food,was charged with unsanitary conditions,the court held that the company:

• A)could be fined,but the managers could not,because it was a corporate violation
• B)could be convicted of a felony but the managers could not,as it was a corporate violation
• C)could be convicted of a felony as could the managers who ran the operation
• D)could not be held liable because the inspection was done without a proper warrant
• E)none of the other choices

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Definitions:

Total Revenue

The total income received by a firm from its sales of goods or services, calculated by multiplying the price per unit by the number of units sold.

Economic Power

The ability of countries, businesses, or individuals to influence market conditions, production, and financial resources on a scale that can impact global or local economies.

Average Total Cost Curve

A graphical representation showing the average total cost of producing different quantities of a good or service.

Industry Demand Curve

A graphical representation showing the total demand for the products or services of a particular industry at various price levels.