In the late 1960s a shareholder of the company that owned the Chicago Cubs baseball team sued the company because the directors refused to install lights in Wrigley Field. The court decided that the directors
a. had a rational purpose for not installing lights and were not liable for doing anything improper.
b. were not protected by the business judgment rule.
c. had not acted with any rational purpose and were liable to its shareholders for damages caused by their actions.
d. had the right to make decisions for the team without any concern for the desires of the shareholders.
a
You might also like to view...
In organizational settings, coalition dynamics encounter "veto players." Briefly define and describe veto players.
What will be an ideal response?
Sometimes called a “win–win” strategy, the ______ style of conflict management strategies strives to make sure that both sides are satisfied.
A. competition B. compromise C. cooperation D. collaboration
How does virtue ethics differ from deontology?
a. It is habit- and action-based instead of rule-based. b. It allows for more emphasis on self-interest. c. It is ends-based instead of rule-based. d. It takes into consideration the welfare of all individuals, not just the majority.
Beaver Company manufactures coffee tables and uses an activityminusbased costing system. Each coffee table consists of 30 separate parts totaling? $210 in direct? materials, and requires 6.0 hours of machine time to produce. Additional information? follows: Activity Allocation Base Cost Allocation Rate Materials handling Number of parts ?$3.00 per part Machining Machine hours ?$3.50 per machine hour Assembling Number of parts ?$1.00 per part Packaging Number of finished units ?$6.00 per finished unit What is the cost of materials handling per coffee? table?
A. ?$12 B. ?$90 C. ?$30 D. ?$13