Answer:
<em>Brooks is the leader of an association created to defend the free enterprise system in the United States.</em>
As a consequence, he is probably biased towards free enterprise and will be more likely to argue for it without recognizing its drawbacks.
Another useful source would be an article that explains free enterprise's negative economic and social characteristics.
Answer:
consolidated balance sheet:
land 525,000
Explanation:
The Princeton's land will be valued at book value.
The Sheffield's land will be valued at market value as when Princeton acquired Sheffield the land was appraised at his market value.
So 500,000 x 75% = 375,000 land of Sheffield
<u>Total land:</u>
Princeton Land 150,000
Sheffield Land <u> 375,000 </u>
Total 525,000
Answer:
i just took this quiz its B
Explanation:
Did you ever find the answer?
Answer:
The board most likely will not be held responsible.
Explanation:
The board of directors can legally defend themselves based on the Business Judgement Rule. This rule in contained in the <u>Corporations Act of 2001 - Section 180.</u> It states that any decision made in regards to the business operations should be:
- In good faith and not based on personal gain
- In the best interest of the corporation
- Based on information that supports the decision
For this particular case, the board based their decision on <em>previous market research</em> that received positive feedback.
