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4vir4ik [10]
3 years ago
7

While on vacation, Kyle Kingston, the president and chief executive officer of Remstat, Inc., is called by the CEO of Viokam Cor

poration, who asks Kingston if Remstat would be interested in buying 25 percent of the outstanding shares of Viokam. Remstat is a billion dollar conglomerate which has contemplated acquiring Viokam for some time. Kingston tells Viokam's CEO that Remstat is not interested. Kingston tells Viokam’s CEO, however, that KKIM, Inc., would be willing to buy the shares of Viokam. Kingston is the 100 percent shareholder of KKIM. Viokam sells the shares to KKIM for $35 million. A year later, KKIM sells the shares for $55 million to a mutual fund company. When Remstat's directors discover KKIM's purchase and sale of the Viokam shares, they bring an action against Kingston on behalf of Remstat. Which of the following is correct?
1. Kingston may be held liable to Remstat because he usurped a corporate opportunity.
2. Kingston may not be held liable to Remstat because he became aware of this opportunity outside the scope of his duties as an officer of Remstat.
3. Kingston may not be held liable to Remstat because he acted within the discretion afforded him under the business judgment rule.
4. Kingston may be held liable to Remstat because he exceeded his authority to act for the corporation.
Business
1 answer:
Damm [24]3 years ago
6 0

Answer: A. Kingston may be held liable to Remstat because he usurped a corporate opportunity.

Explanation:

Based on the information given in the question, the correct option is that Kingston may be held liable to Remstat because he usurped a corporate opportunity.

Usurpation of a corporate opportunity is typically regarded as a form of breach of duty and it arises when a worker in a particular company uses the information that he has for his own personal gain.

In this case, Kingston is the 100 percent shareholder of KKIM and uses the information that he has regarding the sabres to his benefit.

Therefore, the correct option is A.

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Janice and Shunil are both senior software analysts. They have worked together on projects OF Six years and get along great. Jan
Natali [406]

Answer:

The appropriate response is Option D (Job sharing).

Explanation:

  • Only by seeking less time can Janice as well as Shunil partake throughout the sharing of jobs, which further enables conventional forty-hour-a-week employment to have been shared between multiple individuals.
  • The remaining structural solutions were indeed obligations still forty hours each week.

Additional options are not connected with the situation. Thus the answer above is correct.

7 0
3 years ago
Antonio just graduated from college and is now in the market for a new car. He has saved up $4,000 for a down payment. He's deci
lozanna [386]

Answer:

Antonio writes a check for $4,000: Medium of exchange;

Antonio can easily determine that the price of the super is more than the price of the Duper: Unit of account

Antonio has saved $4,000 in his checking account: store of value

Explanation:

* Antonio writes a check for $4,000: as he writes the check to car dealer, money in this situation is acted like a medium of exchange, that is, an intermediate instrument that helps to facilitate the transaction between Antonio and car dealer.

* Antonio can easily determine that the price of the Super is more than the price of the Duper: In this situation, money works as a unit of account. As Super takes him more money to own than the Duper, thanks to the money price tag Antonio easily identifies that the Super is more expensive than the Duper.

* Antonio has saved $4,000 in his checking account:: the $4,000 is the amount of purchasing power'value Antonio has had, yet not used; which has been stored in the form of monetary value. So, under this circumstances, money is played a role as store of value.

6 0
4 years ago
Chester Corp. ended the year carrying $21,490,000 worth of inventory. Had they sold their entire inventory at their current pric
Readme [11.4K]

Answer: $21,490,000

Explanation:

Contribution Margin is simply the Sales less the value of variable costs.

If the inventory had been sold in its entirety, it would have added its value to the sales which means that sales would have increased by the value of the inventory which is $21,490,000.

4 0
3 years ago
When rival firms compete aggressively by trying to attract competitors' customers, this might be an indication of: a. increasing
Xelga [282]

Answer:

b. slow industry growth.

Explanation:

Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.

This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.

Generally, when rival business firms compete aggressively by trying to attract competitors' customers, this might be an indication of slow industry growth.

In conclusion, the various companies or business firms are experiencing a low level of sales of their goods and services. As a result, they engage in activities that would attract potential customers and by extension their competitors' customers.

3 0
3 years ago
Currency is?
masya89 [10]
The answer would be C
8 0
3 years ago
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