Business activities are at times governed by criminal law. True or False?

Mr. Smith recently faced a choice between being (a) an economics professor, which pays $60,000/yr, or (b) a safari leader, which pays$50,000/yr. After careful deliberation, Smith took the safari job, but it was a close call. “For a dollar more,” he said, “I’d have gone the other way.” Now Smith’s brother-in-law approaches him with a business proposition. The terms are as follows:

• Smith must resign his safari job to work full-time in his brother-in-law’s business.

• Smith must give his brother-in-law an interest-free loan of $100,000, which will be repaid in full if and when Smith leaves the business. (Smith currently has much more than$100,000 in the bank.)

• The business will pay Smith a salary of $70,000/yr. He will receive no other payment from the business.

The interest rate is 10 percent per year. Apart from salary considerations, Smith feels that working in the business would be just as enjoyable as being an economics professor. For simplicity, assume there is no uncertainty regarding either Smith’s salary in the proposed business or the security of his monetary investment in it. Should Smith join his brother-in-law and, if so, how small would Smith’s salary from the business have to be to make it not worthwhile for him to join? If not, how large would Smith’s salary from the business have to be to make it worthwhile for him to join?

Why is the term "law" used by economists when describing demand?

How does Newton's second law apply to a roller coaster?

Explain how Lenz’s law illustrates the principle of energy conservation.

In a triangle with sides a, b, c and angles A, B, C, the Law of Cosines states that __________.

Determine the second-law efficiency of an ideal regenerator in the Brayton cycle.

Budget category in which funds are committed to certain programs by law _____

True or False. A special case of the Law of Cosines is the Pythagorean Theorem.

If three sides of a triangle are given, the Law of ________ is used to solve the triangle.

Why does electromagnetic radiation obey the inverse-square law?

Describe his job-hunting experience after law school.

Re-read the riddle at the beginning of the lesson. This riddle has been the subject of great debate over the years as the riddle is said to have multiple answers. Determine which of the following could be considered a reasonable answer to the riddle. Justify your reasoning.

A. 1

B. 30

C. 2,403

D. 2,802

Discuss the significance of the terms 'dispersal' and 'disorder' in the context of the Second Law.