RealKidz, the Company Profiled in the Opening Feature for Chapter

question 72

Multiple Choice

RealKidz, the company profiled in the opening feature for Chapter 7, experienced one particularly startling legal challenge early in the life of the firm. What was the challenge?

• A) It did not obtain the proper business licenses.
• B) It hired an employee who misrepresented the company in a contract negotiation.
• C) It got into a legal dispute with an investor.
• D) It hired an accountant who stole money from the firm.
• E) It contracted with a clothing designer who turned out to be a scam artist.

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Definitions:

Part-time Job

Employment with fewer hours per week than a full-time position, often offering flexibility but with lesser benefits.

Professional Baseball Game

A regulated and officially sanctioned sport event featuring teams of professional baseball players.

Transportation

The process or business of moving goods and people from one place to another.

Opportunity Cost

Losing the benefits of the closest substitute when a choice is made.