1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Debora [2.8K]
3 years ago
13

If a court determines that a manager's corporate decision amounted to self-dealing, a. the manager is automatically personally l

iable to the corporation. b. the transaction being challenged will be automatically voided. c. the manager will automatically be fired. d. the business judgment rule will not apply.
Business
1 answer:
telo118 [61]3 years ago
7 0

Answer:

d. the business judgment rule will not apply.

Explanation:

A corporation can be defined as a corporate organization that has facilities and owns or controls assets used for the production of goods and services in at least one country other than its headquarter (home office) located in its home country.

One of the advantage of a corporation is that, owners have limited liability for debt to the extent to which they have invested and as such are not personally liable for some of debt owed by corporation.

A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.

Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information. Also, they are required to engage their staff members (entire workforce) in the most efficient and effective manner.

In Business management, if a court of competent jurisdiction determines that a manager's corporate decision amounted to self-dealing i.e putting his or her own interests first, the business judgment rule will not apply.

Generally, in order for the business judgement rule to apply, it is expected or required that a manager should act in the best interest of a corporation.

You might be interested in
On October 17, Nickle Company purchased a building and a plot of land for $589,200. The building was valued at $312,276 while th
Travka [436]

Answer:

Explanation:

The journal entry is shown below:

Building A/c Dr $312,276

Land A/c Dr       $276,924

        To Cash A/c             $61,900

        To Notes payable A/c $527,300

(Being the purchase of building and land for cash and note payable is recorded)

The computation of the notes payable is shown below:

= Total purchase value - cash paid

= $589,200 - $61,900

= $527,300

3 0
3 years ago
What does it mean for a research topic to be amenable to scientific study using a qualitative approach?
blondinia [14]

If a research topic is amendable to a scientific study, you are able to make appropriate and necessary changes to a topic to make sure the resaerch you are finding follows the topic and is giving you useful information. When you amend a research topic you are just adjusting it to fit your updated wants and needs.

8 0
3 years ago
Billboard advertising is most effective for __________ advertising.
kakasveta [241]
"companies" advertising
5 0
2 years ago
Which of the following items would MOST likely be enforced by the forced sale of a property?
Murrr4er [49]

A property is a belong of any person. The items would most likely be enforced by the forced sale of a property is judgment.

<h3>How are judgments been enforced? </h3>

In terms of wages, a judgment creditor uses authorization from the court in a document.  Due to this authorization, the judgment creditor directs the police to seize a portion of your wages. The police, in turn, notifies the person involved.

This is the same when it comes to property. A judgement by a court often stands in the sales of any property.

Learn more about Property from

brainly.com/question/26136315

4 0
2 years ago
Briefly define the term spend as it is used in business purchasing. In a paragraph or two, explain how the Internet has reduced
Phantasy [73]

Answer: check the attached file for the answer

Explanation:

Download docx
<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> docx </span>
<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> docx </span>
6 0
3 years ago
Other questions:
  • What is one reason why a business owner might choose a for-profit business over a nonprofit business?
    10·1 answer
  • If the marginal propensity to consume is equal to 0.85, then a $500 increase in disposable income leads to a:
    6·1 answer
  • Identify the market segmentation dispute in the 1970s.
    7·1 answer
  • Public relations personnel are constantly using the Web and social networks to communicate information about their employers and
    13·1 answer
  • One reason some manufacturing companies began moving production to China in the early 2000s was due to lower wages that could be
    14·1 answer
  • The cost of to a retailer of a ski patrol backpack used in emergency situations is $84.96. The retailer uses a markup of 40% bas
    9·1 answer
  • The text defines management as "The art of getting things done through the efforts of other people." Put yourself in the shoes o
    8·1 answer
  • Does anybody know how to calculate early start early finish late start Late finish and slack?
    9·1 answer
  • bledsoe Corporation has provided the following data for the month of November: Inventories: Beginning Ending Raw materials $ 26,
    6·1 answer
  • Following is the stockholder's equity section of Magnificent Molding, Inc. at December 31, 2016: Stockholders' Equity December 3
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!