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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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Nadiya, your classmate, is struggling to keep up with class. Last week, she told you that she even thought about cheating on a t
FinnZ [79.3K]

Answer:

fundamental attribution error.

Explanation:

This theory in sociology also called the attribution effect states that people tend to over-attribute behavior of others to internal causes or traits.

The Professor makes this "fundamental attribution error" by failing to consider Nadiya's situation; meaning the situational information was insufficiently taken into account before reaching a conclusion (Probably Nadiya is under emotional distresse maybe she's grieving the death of her Farther).

3 0
3 years ago
The main purpose of performance appraisal is to ________.
LUCKY_DIMON [66]

The main purpose of performance appraisal is to furnish feedback to organization members about how they can become more productive and useful to the organization in its quest for quality.

Therefore option C is correct

<h3>What is Performance appraisal?</h3>

  Performance appraisal can be described as the  periodic and systematic evaluation  of the job performance of an employee and its subsequent documentation documented and evaluation in other to provide verifiable evidence to the management of an organization on the strengths and weaknesses of its employees.

    The idea of performance appraisal should be viewed as a career enhancing prospect. Managers should endeavor to appraise their staff truthfully and honestly in other to bring about a healthy working environment.

Learn more about Performance appraisal at brainly.com/question/7595736

#SPJ1

4 0
2 years ago
A customer has come to your department with an urgent question. You promised her that you would collect information about her qu
slamgirl [31]

Answer: ask for permission to arrive about 12:15 in the afternoon to the meeting and reply the customer question first.

Explanation:

Most of the actions taken inside a company are directed to customers' satisfaction, they are an important part of all business, so they have to be a priority. In this case, the worker can explain to the supervisor the urgent necessity of replying to the customer and the previous promise that has done of replying by noon. The supervisor may understand the important situation and summarize for the worker the 10 first minutes of the meeting; in this way the worker won't miss the meeting and will keep his commitment with the customer.

3 0
3 years ago
A depreciable asset has an estimated 15 percent salvage value. At the end of its estimated useful life, the accumulated deprecia
8090 [49]

Answer:

B

Explanation:

Depreciation is the uniform decrease in the value of an asset over a period until the salvage value is reached.

It is given by :

Annual depreciation expense = (cost of asset - salvage)÷ useful life of the asset

Therefore the accumulated depreciation would not equal the original cost of the asset at the end of its estimated useful life because the salvage value will be deducted from cost of asset under declining-Balance.

7 0
3 years ago
You are the only seller of eggs in town, and the price-elasticity coefficient for eggs is known to be 2. If you want to increase
lukranit [14]

Answer:

the seller must lower the price by 12.5%

5 0
3 years ago
Read 2 more answers
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