What is an example of a defined-contribution pension plan?

A) consumer-driven pension plan
B) money purchase plan
C) cost-sharing plan
D) flexible spending account plan
E) unfunded PBGC plan

In a sporting goods store, you can buy the equipment you want and forgo the rest. But in an election you "buy" the entire range of the candidate's positions, including some you may not agree with. This difference

A) reflects limited and bundled choices in the public sector.
B) describes the paradox of voting.
C) describes the principal-agent problem in the public sector.
D) creates bureaucratic inefficiency in the public sector.

Which of the following organizes all of the activities a firm performs to bring a product to the market?

A) value chain
B) operating matrix
C) distribution channel
D) situation assessment

Bill lends Harvey $1,500 and the loan is secured by Harvey's furniture. If Bill files a financing statement on January 30, 2012 how long will it be effective?

A) Until July 30, 2012.
B) Until January 30, 2017.
C) Until January 30, 2032
D) For 30 days.

The slope of a line that passes through the points (10, 40) and (20, 35) is

A) $$\frac{1}{2}$$ .
B) $$-\frac{1}{2}$$ .
C) -2.
D) 2.

Nancy, who lives in Birdville, wants to open a McHenry Roast Chicken franchise. Mark, a representative of McHenry, told Nancy, "If you will buy a lot and build a building in River City, we will give you a franchise." Nancy bought the lot and built the building as instructed only to discover that McHenry had awarded the franchise to a large corporation. McHenry claims no liability to Nancy since there was no consideration. Which statement best describes the situation?

A) McHenry is not liable to Nancy since there was no consideration.
B) McHenry is not liable to Nancy since there was past consideration.
C) McHenry is liable to Nancy since adequate consideration was given by both parties.
D) McHenry is liable to Nancy based on the concept of promissory estoppel.

Punitive damages are frequently awarded damages.