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zavuch27 [327]
3 years ago
8

Both Viacom and Paramount owned a diverse group of entertainment businesses. QVC was a televised shopping channel. The Paramount

board of directors was considering a merger offer from Viacom at a price of $69 per share. QVC and Viacom then entered a bidding war for Paramount. QVC ultimately made the highest offer, at $90 per share. The Paramount board rejected QVC’s bid on the grounds that a Viacom merger would be more in keeping with Paramount’s business strategy. Was the board in violation of the business judgment rule?
Business
1 answer:
nata0808 [166]3 years ago
6 0

Answer:

The business judgement rule states that if the board takes decision in good faith and in best interest of the corporation considering the information available then its decision is not to be questioned by the courts. The courts can intervene only if there is any breach of good faith, due care or loyalty.

     The above case is similar in facts with another case paramount vs time. In that case Time decided to merge with another company named Warner. Paramount also started bidding for Time but the directors of Time rejected their bid offer citing that warner merger would be more suitable for the company strategy.

Paramount then brought the case against Time in court.The court stated that the instant case was different from another case (REVLON VS MacAndrews) where Revlon was up for sale and hence it was necessary for the board to sell its assets to the highest bidder.

   

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Tony is a 45-year-old self-employed psychiatrist who has net earned income of $300,000 in 2020. What is the maximum amount he ca
Natali5045456 [20]

Answer:

Tony is a 45-year-old psychiatrist who has net earned income of $300,000 in 2020. What is the maximum amount he can contribute to his SEP for the year? 300,000x.25= 75,000 or $57,000

$57,000

Explanation:

6 0
2 years ago
All of the following statements regarding convertible bonds are true except:_________.
postnew [5]

Answer: Holders of convertible bonds can choose how many shares of stock to receive at conversion

Explanation:

A convertible bond is a debt security that yields the payment of interest, but can also be converted into equity shares or common stock that are predetermined.

The option that holders of convertible bonds can choose how many shares of stock to receive at conversion is wrong. This is because the number I shares that will be eventually converted will already have been fixed.

8 0
3 years ago
Howard Corporation issued a 20-year mortgage note payable on January 1. On December 31, the unpaid principle balance will be rep
lubasha [3.4K]

Answer:

c. a long-term liability.

Explanation:

Short term liabilities are those liabilities which need to be paid within one year time and Long term liabilities are those liabilities which need to be paid after one year time.

In this question on December 31, Howard Corporation need to pay the principal in 19 years from now, as it it a long period, so amount of principal will be classified as a long-term liability.

3 0
3 years ago
Is there a passive form of perfect continuous tense? ​
ZanzabumX [31]
In passive sentences , the subject receives the action verb . The most commonly used verb tenses for this form are present continuous and past continuous. For now let’s keep going with the present continuous
3 0
3 years ago
Which of the following statements is true regarding the effect of group cohesiveness and performance norms on group productivity
ikadub [295]

At the point when both cohesiveness and performance norms are high, productivity will be high.  

<u>Explanation</u>:

It is genuine with respect to the impact of gathering cohesiveness and execution standards on bunch profitability.

Gathering cohesiveness is one of the trademark highlights of the gatherings, which is significant from the behaviouristic perspective. Cohesiveness is how much the gathering individuals are pulled in to one another and are persuaded to remain in the gatherings. Cohesiveness characterizes the level of closeness that the individuals feel with the gatherings. It is comprehended as the degree of preferring every part has towards others in the gathering and how far everybody needs to stay as an individual from the gathering.  

"Cohesiveness alludes to the degree of solidarity 'in the gathering and is reflected in individuals' adjustment to the standards of the gathering, the sentiment of fascination for one another and needing to be co-individuals from the gathering." Attraction, cohesiveness, and similarity are altogether interwoven. The more the individuals feel pulled in to the gathering, the more noteworthy will be the gathering cohesiveness. The more noteworthy the cohesiveness, the more prominent the impact of the gathering individuals to convince each other to adjust to the gathering standards. The more prominent the congruity, the more noteworthy the character of the individuals to the gathering and the more noteworthy the gathering cohesiveness.

8 0
3 years ago
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