As fiduciaries of the corporation, directors incur liability for losses when they are caused by bad faith
Indicate whether the statement is true or false
True
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What is the technique behind natural attrition?
A. Managers transfer workers to other plants B. Managers retrain workers from one job to another C. Managers allow positions to stay unfilled as turnover occurs D. Managers move work to other organizations E. Managers force workers to retire early
Which of the following is particularly pertinent in evaluating whether an industry presents a sufficiently attractive business opportunity?
A. whether there are more than five key success factors and more than five barriers to entry B. constructing a strategic group map and assessing the attractiveness of the competitive position of each strategic group C. an assessment of which firms in the industry have the best and worst competitive strategies, whether the number of strategic groups in the industry is increasing or decreasing, and whether economies of scale and experience curve effects are a key success factor D. whether the market leaders enjoy competitive advantages and how hard it is to develop a strongly differentiated product E. the industry's growth potential, whether competition appears destined to become stronger or weaker, and whether the industry's overall profit prospects are above average, average, or below average
The task of top executives when the company faces disruptive changes in its environment is to not only raise questions about the appropriateness of its direction and strategy, but also to
A. decide whether to try to fix the problems of poor strategy execution or simply shift to a strategy that is easier to execute correctly. B. know when to continue with the present corporate culture and when to shift to a different and better corporate culture. C. figure out the causes and decide when adjustments are needed and what adjustments are needed for improved performance and operating excellence. D. decide how to identify the problems that need fixing. E. figure out whether to arrive at decisions quickly or slowly in choosing among the various alternative adjustments.
The articles of copartnership should be drawn during the preoperating period and should show the rights, duties, and responsibilities of each partner.
Answer the following statement true (T) or false (F)