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Cloud [144]
3 years ago
14

Matthew Granger is a member of the board of directors at Produxicore Inc. Over a period of one year, Matthew failed to attend mo

st of the board meetings, claiming that he was unaware of their occurrence. During the meetings that he did attend, he was not up to date with the company's developments. He did not read the reports he was presented with, and was unfamiliar with the company's financial records. In this scenario, Granger breached his duty of care primarily through _____.
Business
1 answer:
FrozenT [24]3 years ago
7 0

Answer: Negligence of duties

Explanation:

As a board member it's one of his primary duty to keep abreast of the firm performance. Not been aware for a year on the excuse of not been informed and not seeking to find out personally shows a negligence of duties.

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If an individual investor uses the services of a broker to buy and sell stocks that are currently being traded in the stock mark
sergejj [24]

Answer:

a. False

Explanation:

A "primary transaction" refers to the selling of <em>new stocks and bonds</em> for the first time towards the public. A great example of this is the "Initial Public Offering" <em>(IPO)</em> which allows "public share issuance."

On the other hand, a "secondary transaction" refers to the<em> trading of investors among themselves.</em> There is no involvement of the issuing companies here. So, this means that if an investor uses the services of a broker to buy and sell stocks that are currently being traded in the stock market,<u> the transaction</u><u> doesn't directly involve the issuing compan</u><u>y.</u> This kind of transaction is then called "secondary."

So, this explains the answer.

8 0
2 years ago
Rules of thumb or short-cuts that individuals use to save time when making complex decisions are known as _____.
Pavel [41]
Rules of thumb or short-cuts that individuals use to save time when making complex decisions are known as....<span>Heuristics</span>
7 0
3 years ago
Read 2 more answers
The language of price controls
mel-nik [20]

Answer:

1) The government prohibits gas stations from selling gasoline for more than $3.40 per gallon.  

This statement is an example of price ceiling as the gas stations cannot raise their price above $3.40 but can sell it at any price lower than the ceiling price of $3.40. This is binding

2) Due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from doing so. This is neither a price ceiling or floor as government isn't directly affecting the price with their policy

3) The government has instituted a legal minimum price of $3.40 per gallon for gasoline. This is an example of price floor and is binding. The reason it is a price floor is because the petrol stations cannot charge a price below $3.40 but can charge any price above the floor price of $3.40

Explanation:

4 0
2 years ago
Current labor market trends include _____.answer.com
miv72 [106K]

an increase in service jobs accompanied by a decrease in manufacturing jobs

3 0
3 years ago
On January 1, 2017, Burke Corporation signed a 5-year noncancelable lease for a machine. The terms of the lease called for Burke
SOVA2 [1]

Answer:

<em>Operating Lease</em>

<em />

Explanation:

5years / 6 years = 83.33% above 75% of the useful life

the ownership reverts at the end of the lease

the lessor has risk considering the residual value is not guaranteed

We aren't given with information about the asset value to check if it is paying the entire value of the asset.

But for the information given we can conclude it is an operating lease.

6 0
3 years ago
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