Which of the following describes the duty of loyalty?
A) It requires managers to make decisions they reasonably believe to be in the best interest of the corporation.
B) It prohibits managers from making a decision that benefits them at the expense of the corporation.
C) It requires consideration of the interests of the surrounding community.
D) It requires using care that an ordinarily prudent person would take in a similar situation.
B
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Where was Bernie Madoff's secretive operation that had his computer and program for his investment techniques?
a. Off-shore in the Cayman Islands b. In West Palm beach c. On the 17th floor of his New York offices d. In Switzerland
Selma has developed and patented a new process for recycling discarded tires. A multinational corporation has expressed an interest in buying her company in order to gain access to the technology and keep it exclusively for itself. Should Selma sell her company, the buyer will have acquired technology via
A) acquisition of the technology owner. B) a joint venture. C) a licensing agreement. D) contracted development. E) patent purchase.
Which of the following is an on-the-job management development method?
A. Business simulations B. Committee assignments C. Role playing D. In-basket technique
Mike started a calendar-year business on September 1st of this year by paying 12 months of rent on his shop at $1,000 per month. What is the maximum amount of rent that Mike can deduct this year under each type of accounting method?
A. $12,000 under the cash method and $4,000 under the accrual method. B. $4,000 under the cash method and $4,000 under the accrual method. C. $4,000 under the cash method and $12,000 under the accrual method. D. $12,000 under the cash method and $12,000 under the accrual method. E. $4,000 under the cash method and zero under the accrual method.