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Slav-nsk [51]
3 years ago
11

Mitch is a director and officer of Numero Uno, Inc. Mitch makes a marketing decision that results in a dramatic decrease in prof

its for Numero Uno and its shareholders. The shareholders accuse Mitch of breaching his fiduciary duty to the corporation. What is Mitch’s best defense against this accusation? Later, the Numero Uno board considers a resolution for the firm to compete with One-of-a-Kind Corporation. Mitch is a director and shareholder of One-of-a-Kind. What is Mitch’s responsibility in this situation?​
Business
1 answer:
Stells [14]3 years ago
6 0

Answer:

As long as Mitch acted in good faith and tried to make the best possible decision regarding all available information, and his decision was something that any other person could have made, his mistake has to be considered a bad or negative business judgement (business judgement rule). He thought that his actions would benefit the corporation, but he was wrong and the corporation lost money. That types of mistakes are considered normal and just that, mistakes that anyone can make.

In regards with the second issue, that Mitch is a shareholder and a director of a firm that will directly compete with Numero Uno, he must inform the board about this and resign to either Numero Uno or One of a Kind.

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In dangerous professions like law enforcement and construction women are
Art [367]

It would be C because women are thought to be physically weaker and not as useful as men. Women can be useful but in certain professions its a lot harder for them. Also men tend to be more willing to work when they get injured or such.

6 0
3 years ago
Suppose that a company is a price taker and sells its product for $15 each. This tells us that the firm is participating in the
galben [10]

Answer:

perfect competition; equal to $15

Explanation:

A Perfect competition industry is characterised by :

1. Firms that are price takers - They do not set price but prices are set by the forces of demand and supply.

2. Prices are equal to marginal revenue and average revenue.

3. plenty buyers and sellers.

4 free entry and exist of firms.

A monopolistic industry is chartcerised by :

1. Firms that are price makers.

2. Plenty buyers and sellers.

3. Price and average revenue are less than the marginal revenue

A monopoly is characterised by :

1. Firms that are price makers.

2. One seller

3. Price and average revenue are less than the marginal revenue

6 0
3 years ago
What affects the egg coagulation in custards and creams!
Lapatulllka [165]
What affects the egg coagulation in custards and creams!
Answer: Sugar is also important to custard as the addition of it in a recipe results in a softer custard. Sugar also increases the coagulation temperature and time. Don't dump the sugar directly onto the eggs and let it sit; this causes the yolks to "burn" into hard little lumps that detract from your creamy custard.
8 0
2 years ago
Read 2 more answers
Monopolistically competitive markets are characterized by a large number of firms A economies of scale B standardized products C
zavuch27 [327]

Answer:

The answer is B. standardized products

Explanation:

Monopolistic Competition has the following characteristics :

1. There large numbers of buyers and sellers

2. The products offered by sellers are close substitutes for the products offered by another seller.

3. The costs associated with entry and exit are low.

4. Sellers differentiate their products through advertising, branding etc.

Know that the most distinguishable factor in this market is product differentiation or standardized products.

The extent to which the seller is successful in product differentiation determines pricing power in the market.

The demand curve in this market is downward sloping i.e increase in price will lead to decrease in quantity demanded. This market is similar to perfectly competitive market.

The economic profit will fall to zero in the long run because the entry costs are not high.

7 0
3 years ago
Revenues are recognized when ______, even when the cash is collected in a different accounting period than the obligation to the
Elanso [62]

The condition for which revenues are recognized even when the cash is collected in a different accounting period is;

  • Services are provided even if cash has not yet been collected, in cases of accrual basis accounting

<h3>Revenue recognition</h3>

Two major forms of revenue recognition exist;

  • When Cash is collected from customers. This is the case when the organisation uses cash basis accounting
  • When services are provided even if cash has not yet been collected. This is the case when the organisation used accrual basis accounting

Read more on revenue recognition;

brainly.com/question/26274038

6 0
2 years ago
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