A director will not be liable for a tort committed by him or her where it is proven that he or she was acting in the best interests of the company and within their scope ofauthority
Indicate whether the statement is true or false
FALSE
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A Miami restaurant has created atmosphere through its subtle use of blue and green lighting, ceiling fans over each table, and frozen drinks. If its electrical energy supplier raises its prices, the restaurant will most likely ________
A) continue its present operation because it has an elastic demand for electricity B) ask other Miami restaurants to create a derived demand for cheaper electricity C) decide to find other ways to use electricity D) continue its present operation because it has an inelastic demand for electricity E) remove its lighting, turn off its fans, and economize on its use of electricity
In this type of close, the salesperson behaves as if the prospect wants to buy the product.
A. Minor-points B. Technology C. Summary-of-benefits D. Compliment E. Assumptive
According to the textbook, which is the most established crowdfunding site?
a. Kickstarter b. Quirky c. Indiegogo d. Rockethub
Deborah and Bruce are concerned that you are focused on threats rather than jumping into the work. However, during your conversation they mention some risks as shown in Figure 2. You suggest mitigation strategies and estimate additional cost of $25,000 for things you will put into action right away.
Risk Item Mitigation Cost $23,000 Liability for damages or injuries $2,000 Weather suppresses revenue from concessions Negative press coverage Insufficient resources Response Transfer. Purchase additional insurance Mitigate. Increase police security. Transfer. Use vendors instead of city-run concessions and charge up-front booth fees. Accept. Minimize by good execution. Mitigate. Control resources cost and use more local volunteers. Contingency $0 $0 Other unknown risks Total $25,000 $50,000 You will transfer some risk through insurance and by changing the concession vendor approach. You will accept and manage the risk of negative press coverage and resource costs. You expect other unknown risks to arise and suggest an additional $25,000 for contingency. You ask Deborah to increase the city's budget to $250,000. You have justified the cost, and there is still time to get city council approval, so she agrees. This is a good example of considering risk early in the project approval process. You meet with your project team to review the work breakdown and to develop an activity list. They agree with the scope but seem unwilling to commit as you start making assignments. They keep talking about things that could go wrong, instead of focusing on how to get the work done. You are not getting their buy-in, so what do you do next? You go through the plan with them one more time and confirm that they agree with the scope and activity list. You define an escalation process for them to alert you immediately if issues arise. O You schedule a meeting to let them brainstorm things that could go wrong. They are already tired of project planning, so you doubt they will identify anything new, but hopefully this will help them get comfortable with the current plan.