The Manager of OIL Corporation Is Considering Whether to Locate

question 34

Multiple Choice

The manager of OIL Corporation is considering whether to locate a retail gasoline station across the street from a small,independent retailer.OIL Corporation feels that its ethical obligation is to focus on maximizing profit for shareholders.The manager intuitively feels that opening this location will be good for shareholders and that this is a worthy goal for the corporation.The manager is operating at which level of ethical assessment?

• A) Level one
• B) Level two- value judgment
• C) Level two - moral standards
• D) Level three
• E) None of the answers.

Discern the implications of electronic communications on contract law.

Identify and understand the legal requirements for a binding contract.

Analyze the application of consideration in contract law.

Understand the specifics of applying contract law to online transactions and electronic contracts.

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Definitions:

Tax

An obligatory fiscal contribution or another kind of tax levied on an individual by a government authority to support government budgets and various public spending.

Price Paid

The amount of money that is exchanged for a good or service.

Sellers

Individuals or entities that offer goods or services in exchange for payment or other compensation.

Rent Control

A government policy or regulation that sets a maximum price landlords can charge for rent, aimed at making housing more affordable.