When a corporate manager makes an honest error in judgment, the business judgment rule directs that the manager will:
A. be liable for all losses resulting from the error.
B. not be liable if he acted with care and in good faith.
C. be liable for corporate losses.
D. not be liable and a court will step in to correct the manager's mistake.
Answer: B
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A) cognitive B) affective C) brand D) conative
Seaworthy Designs manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. Seaworthy uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows:
Direct materials: 4 pounds per unit; $6 per pound Direct labor: 4 hours per unit; $17 per hour During the first quarter, Seaworthy produced 4000 units of this product. Actual direct materials and direct labor costs were $66,000 and $328,000, respectively. For the purpose of preparing the flexible budget, what is the total standard direct labor cost at a production volume of 4000 units? A) $68,000 B) $66,000 C) $272,000 D) $328,000
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a. exactly the same things b. interconnect c. differ d. share measurements
Schein developed a set of enabling mechanisms to change culture. Which of the following is not a secondary articulation and reinforcement mechanism?
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