One of the directors of Independent Pallet Mill purchases 100 acres of timberland. In order for the director to sell the timber from this land to Independent, what must he do? If he does not act properly in this situation, what duty would he violate, and what would be the result?
?The transaction will be valid if the disinterested members of the board of directors approve the transaction; the disinterested shareholders approve it; or the transaction is entirely fair to Independent. If the director does not act properly, he would be violating the duty of loyalty to his company. Self-dealing means that a manger makes a decision benefiting either himself or another company with which he has a relationship. If a manager engages in self-dealing, the business judgment rule no longer applies. This does not mean the manager is automatically liable to the corporation or that the decision is automatically void. It just means a court will scrutinize the deal more carefully.
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When the government of any country restricts the sale of a particular commodity to certain groups — for example, restricting sales of alcohol to individuals of age 21 and over — the eligible consumers who have income, interest, access, and
qualification constitute the ________ market. A) accessible B) target C) potential D) qualified potential E) qualified available
When there are a large number of independent variables and the researcher suspects that not all of them are significant, stepwise regression should be used
Indicate whether the statement is true or false
________ means that structure, processes and tools, and managerial knowledge and commitment are formally established in support of the culture.
A. Accommodation B. Reliability C. Trust D. Interactivity E. Formalization
What is one of the main criticisms of ‘Strategic Contingencies Theory’ identified in your textbook?
a. It explains very little that is useful in understanding power b. It ignores that sub-units are all interdependent so none can be more powerful than others c. It relies on the assumption that organizational configurations are simple, tightly regulated, bureaucracies d. Both a and c