Andrew,the Chief Financial Manager of a Reputed Company,was Taken Under

question 22

Multiple Choice

Andrew,the Chief Financial Manager of a reputed company,was taken under police custody for interrogation.He had been accused of committing a white-collar crime.During the process,some government officers deprived him of his civil rights and immunities as if it were a legitimate part of their duties.Thus,this would be considered a violation of:

• A) Section 2-306 of the Uniform Commercial Code.
• B) 42 U.S.C. section 1983.
• C) the Fair Labor Standards Act.
• D) the Equal Employment Opportunity Act.

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Definitions:

Perfect Competition

A market structure characterized by a large number of small firms, identical products sold by all firms, no barriers to enter or exit the market, and perfect knowledge of prices and technology.

Marginal Product

The additional output produced as a result of employing one more unit of a particular input while keeping other inputs constant.

Value of Marginal Product

The extra revenue a firm gains by employing an additional unit of input.

Labor Demand

Labor demand reflects the quantity of labor that employers are willing and able to hire at a given wage rate in the market.