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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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It is C on edge 2021

Explanation:

5 0
2 years ago
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Every Monday during the month of December, salespeople who had the highest sales the previous week participated in a package sur
VARVARA [1.3K]

Answer:

Sales contest.

Explanation:

In this scenario, every monday during the month of December, salespeople who had the highest sales the previous week participated in a package surprise, where each would receive a package containing either a $50 or a $100 bill. This short-term incentive is known as a sales contest.

A sales contest can be defined as a short-term incentive program developed or created by a business entity to motivate its sales personnels in order to achieve specific sales objectives and targets.

<em>Basically, it is mainly competitive so as to motivate and stimulate salespeople to meet set objectives, goals and targets by duly rewarding with prizes. </em>

7 0
3 years ago
Delta Manufacturing has budgeted the following unit sales: 2019 Units April 25,000 May 40,000 June 60,000 July 45,000 Of the uni
Greeley [361]

Answer:

The budgeted sales for coastal division for second quarter 2019 is $750,000

The budgeted sales for central division for second quarter 2019 is $900,000

Explanation:

Coastal division sales budget for the second quarter 2019

Months         Quantity sold                            price              total revenue

April            25,000*40%=10,000                  $15                  $150,000

May             40,000*40%=16000                    $15                  $240,000

June            60,000*40%=24000                   $15                  $360,000

Total coastal division budgeted sales for second quarter    $750,000

Central division sales budget for the second quarter 2019

Months         Quantity sold                            price              total revenue

April            25,000*60%=15,000                     $12                  $180,000

May             40,000*60%=24,000                    $12                  $288,000

June            60,000*60%=36,000                    $12                  $432,000

Total coastal division budgeted sales for second quarter    $900,000

8 0
3 years ago
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Investors and creditors are particularly interested in this financial statement because it tells them what is happening to the c
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Jessica does not believe that the methods and processes for determining salary increases in her company are fair. As per this ex
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Answer:

Procedural justice

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Procedural justice is centered on the idea that there should be fairness in the process used in making decision or resolving disputes in a transparent way without being impartial, to ensure the process brings out the right outcomes.

Jessica believes that there’s a problem with the firm’s procedural justice as she believes her firm’s process and methods in determining increase in her salary is not fair enough.

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