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yKpoI14uk [10]
3 years ago
5

Guy is a director of Healthcare Corporation. Guy attempts to use his best judgment in guiding corporate management but makes a f

ew honest mistakes. His best defense against liability for these mistakes is a. the business judgment rule. b. business success insurance. c. the duty of loyalty. d. none of the choices.
Business
1 answer:
krok68 [10]3 years ago
5 0

The best defense that Guy can make against liability for these mistakes is:  a. the business judgment rule.

The business judgment rule states that unless otherwise proved, managers are making decisions in the best interest of the organization and its stakeholders.

In Guy's case above, we see that the honest mistakes he made were in the best interest of the organization. He had no ulterior motives.

Learn more about the business judgment rule here:

brainly.com/question/25694705

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You love peanut butter. You hear on the news that 50 percent of the peanut crop in the South has been wiped out by drought, and
TiliK225 [7]

Answer:

b. your demand for peanut butter increases today.

Explanation:

If the price of a commodity would increase at a later date, consumers would increase demand for the good today. Consumers would be willing to buy as much as they can at the lower price. This would shift the demand curve to the right.

6 0
3 years ago
Bok advises campus officials (and students) simply to "ignore" offensive words, flags, and so forth (para. 13). Do you agree wit
Ugo [173]

Answer: 1. I do not agree with this advice.

2. I would rather propose dialogue as a better means to resolve situations where a person feels offended by the actions of others.

Explanation:

HOW WE OUGHT TO RESPOND TO THE OFFENSIVE ACTIONS OF OTHERS

Offensive Misconducts are actions intended to hurt others, perpetrated without consideration to the feelings of others. They can be carried out in the workplace, at school, at home, and in other social settings. These acts of misconduct can come in the form of bullying, racist or sexist comments, false accusations, physical attacks, threats, etc.

When faced with offensive misconduct, silence is not the best approach. Silence means consent and offensive misconduct are not meant to be condoned. They should rather be addressed using appropriate conflict resolution skills.

One such very important skill is dialogue. Dialogue is an approach that seeks to discuss the matter with the offender. The offended does not take on an offensive approach. He rather explains how the action affects him. He asks vital questions about the intentions of the offender. It might well be that the action might not have been aimed at being offensive. When addressing this issue, it is also important that an attitude of calmness be maintained by the person seeking to resolve the conflict.

Active listening should also be maintained when the other party is trying to explain himself. This would help the offended understand the viewpoint of the offender.

When a person who feels offended continues to ignore an offensive action, this might make him start nursing resentment, which might further lead to retaliatory actions. That is why it is very important to address offensive actions immediately instead of condoning them.

After taking the necessary actions, if the offender persists in his actions, the matter should be reported to an authority.

7 0
3 years ago
Over/Under: Alpha failed to record AJEs for $500 interest earned from a note receivable and $700 interest incurred from a note p
Simora [160]

Answer:

Alpha

The effects on assets, liabilities, and net income are as follows:

Assets are understated by $500

Liabilities are understated by $700

Net income is overstated by $200

Explanation:

a) Data and Calculations:

Interest earned from a note receivable = $500

Interest incurred from a note payable = $700

Failure to record these has the following effects:

Assets are understated by $500 (<  $500)

Liabilities are understated by $700 (<  $700)

Net income is overstated by $200

b) Adjusting Journal Entries (AJEs) ensure that the accounts are up-to-date in accordance with the accrual concept of financial accounting.  The accrual concept requires that transactions affecting a financial period must be reported in the affected period.  This implies that expenses incurred must be recognized in the period they are incurred and not when cash is paid.  Similarly, revenue earned must be recognized in the period they are earned and not when cash is received.

8 0
3 years ago
2. Select the correct sentence for errors in the preceding report. 1. Sales salaries, promotional expenses, corporate office ins
Sever21 [200]

Answer:

1

Explanation:

Manufacturing Overhead sometimes also referred as Factory Overhead includes only those costs which are directly traceable to the production of a product i-e, Direct labor and Material Costs.

5 0
4 years ago
Select the antecedent of the pronoun in the following sentence. The strikers will return to work when the union representatives
LenKa [72]

Answer:B)Representatives

Explanation:Antecedent indicates of any event that is preceding other situation or has been done before something. Here in the given sentence "representative" is a pronoun as the antecedent because they are in the position of representative before the strikers were protesting. So, representative were made before the event of the strike. Therefore, the correct option is option(B).

7 0
3 years ago
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