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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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A recent college graduate from Clayton State University has the choice of buying a new car for $33,500 or investing the money fo
Mandarinka [93]

Answer:

$3,280

Explanation:

The annuity factor of 11% at four years will be;

annuity = (1 - 1 / (1 +r)^n ) / r

annuity = 3.102

P = Pmt * annuity

P = 41,000 * 3.102

P = 127,182

If college graduate decided to buy a car then the annual yield that he receives from the investment in bonds will be opportunity cost.

$33,500 * 8% = $3,280

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3 years ago
The transportation model, when applied to location analysis: maximizes revenues. minimizes total fixed costs. minimizes total pr
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Answer:

Correct Answer:

4. minimizes total transportation costs.

Explanation:

When a good transportation method is applied, it helps in minimizing the transportation cost involved in moving goods and services from one location to another. <em>For example, it cost 2 million dollars to transport a particular product. With good transportation model, it would definitely be cheaper.</em>

5 0
3 years ago
During Year 1, Fox Co. introduced a new product carrying a two-year warranty against defects. The estimated warranty costs relat
Olin [163]

Answer:

D) $14,250

Explanation:

In order to determine the total warranty liability that Fox must report in its December 31, 2014, balance sheet, we must multiply the total sales for both 2013 and 2014 by the estimated warranty expenses and then subtract the incurred warranty expenses:

  • total sales during 2013 and 2014 = $150,000 + $250,000 = $400,000
  • estimated warranty expenses = 2% + 4% = 6%
  • incurred warranty expenses = $2,250 + $7,500 = $9,750

warranty liability = ($400,000 x 6%) - $9,750 = $24,000 - $9,750 = $14,250

6 0
4 years ago
What is a primary concern when planning wlan deployments within the government vertical market?
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The primary concern is security.

5 0
3 years ago
Unipeg Corporation has uniform high sales targets for its employees all across the globe, regardless of the environmental constr
FinnZ [79.3K]

Answer: 4. unrealistic performance goals.

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Unipeg Corporation has a standardized performance target across the globe which is high enough on its own without having to account for environmental constraints.

This is very unrealistic because different environments have different constraints that can either increase or decrease sales.

Say for instance Unipeg is engaged in the sale of trendy women clothing including mini skirts, sleeveless tops, crop tops etc but has a presence in Iran or Saudi Arabia. The sales there cannot be expected to match up to sales in Japan or Brazil for instance and to expect such is unrealistic.

Penalizing the Employees for these shortfalls has led to them falsifying data and that is down to the unrealistic nature of Unipeg's designs.

5 0
3 years ago
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