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nirvana33 [79]
4 years ago
15

The Chicago National League Ball Club (Chicago Cubs) operated Wrigley Field, the Cubs’s home park. Through the 1965 baseball sea

son, the Cubs were the only major league baseball team that played no home games at night because Wrigley Field had no lights for nighttime baseball. Philip K. Wrigley, director and president of the corporation, refused to install lights because of his personal opinion that baseball was a daytime sport and that installing lights and scheduling night baseball games would result in the deterioration of the surrounding neighborhood. The other directors assented to this policy. From 1961 to 1965, the Cubs suffered losses from their baseball operations. The Chicago White Sox, whose weekday games were gen- erally played at night, drew many more fans than did the Cubs. A shareholder sued the board of directors to force them to install lights at Wrigley Field and to schedule night games. What did the court rule? Why? Business judgement rule g
Business
1 answer:
Lemur [1.5K]4 years ago
3 0

Answer:

The court held that the Cubs were not required to "follow the crowd° by having night games like other baseball clubs. The judgment of the executives of an organization appreciates the advantage of an assumption that it was shaped in accordance with some basic honesty and was intended to advance the eventual benefits of the partnership. The court accepted that the chiefs acted to the greatest advantage of the partnership. The court was intrigued that the since quite a while ago run interests of the Cubs would be served by saving the encompassing neighborhood, which would make Wrigley Field increasingly lovely for supporters and keep up the estimation of Wrigley Field.  

Note that the Cubs, under various possession today, have placed lights in Wrigley Field and are playing night games. The Cubs method of reasoning for needing lights is that without lights games must be played during hot days in July and August (making the players tire quicker during the long season) and that with lights more fans who work will come to games. Furthermore, without lights the Cubs' home season finisher and World Series games that TV contracts direct will be played around evening time would need to be played away from Wrigley Field. Ask your understudies whether an investor who sues to constrain the Cubs to expel the lights would be fruitful or whether the business judgment rule would secure administration. The appropriate response is that the business judgment rule ensures Cubs' administration. This shows how defensive the business judgment rule is, on the grounds that it secures executives whether they choose to have lights or not to have lights at Wrigley Field. Shlensky v. Wrigley, 237 N.E.2d 776 (III. Application. 1968).

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In the second half of 2019, automobile sales in the United States were lower than they were in the second half of 2018. The decrease in auto sales impacts GDP because new automobiles are counted as <u>consumption </u>when purchased by households and <u>investment</u> when purchased by businesses.

Gross domestic product (GDP) is the overall monetary or market value of all of the goods and services produced within a country's borders in a particular time period.

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3 0
2 years ago
What is the simple interest of a loan for $1,000 with 5 percent interest after 3 years?
Alex73 [517]
Simple interest produces interest only over the initial amount.

So every year the interest will be $1000 * 5 / 100 = $50.

That is, after 3 years 3 * $50 = $ 150.

Simple interest does not take into account the reduction of the principal but calculates the interest over the same initial amount, in this case $1000.

So, the answer is $150, which is the result of $50 times 3.
3 0
3 years ago
Read 2 more answers
Fishing versus Boat Building. Half the members of a fishing tribe catch 2 fish per day and half catch 8 fish per day. A group of
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4 years ago
Suppose Hank and Tony can both produce corn. If Hank's opportunity cost of producing a bushel of corn is 2 bushels of soybeans a
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Answer:

The correct answer is option a.

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Comparative advantage refers to the situation where an individual, firm, or nation can produce a good at a comparatively lower opportunity cost.  

It is given here that,

Hank's opportunity cost of producing a bushel of corn = 2 bushels of soybeans  

And,

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Answer:

1. He has not developed the idea yet

2. His employer knows he his a pacifist so he has the delima is he ethically correct to not develop a product that can be used for warfare.

Explanation:

In this scenario Ben signed an agreement with his employer that all ideas he has developed on the job and while working with the company is a property of the company.

This is a common agreement that gives a company property rights over work developed by their employees.

However since Ben is a pacifist he has an ethical dilemma when he has an idea that can weaponize an ultrasonic range-finding device.

He is justifying his decision by saying the idea has not been developed yet and his employer will not expect him to develop such technology since he is a pacifist.

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