If a court determines that a manager's corporate decision amounted to self-dealing,?
A)?the business judgement rule will not apply
B)?the transaction being challenged will be automatically voided.
C)?the manager is automatically personally liable to the corporation.
D)?the manager will automatically be fired.
A
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Mrs. Day structures a transaction to shift income from her 20Y1 tax year to her 20Y2 tax year. This tax planning strategy may be taking advantage of the:
A. Entity variable B. Jurisdiction variable C. Time period variable D. Character variable
Which of the following is true regarding respondeat superior?
a. Under that theory, a principal may be liable for not only the contracts but also the torts of its agents. b. Under that theory, a principal may be liable for only the contracts of its agents, not the torts. c. Under that theory, a principal may be liable for only the torts of its agents, not the contracts. d. Under that theory, a principal may not be held liable for either the contracts or torts of its agent unless the principal expressly authorize the agent's actions.
A small-scale consulting firm in Hawaii was struggling financially because it was unable to generate enough capital to run its business transactions. To generate capital, the firm decided to use web technologies and digital resources to build long-term associations with current customers and to reach out to new customers. In this scenario, the firm is using concepts that primarily originated in the _____ of American business history.
A. entrepreneurship era B. relationship era C. production era D. industrial era
In the context of the global environment of business, which of the following was the outcome ofHurricane Katrina in 2005?
A. Ithad a catastrophic impact on several impoverished African economies that could least afford the hit. B. Itdecimated the travel industry and led tomultibillion-dollar government outlays for Homeland Security. C. Itbrought the Gulf Coast oil industry to a virtual standstill. D. It dealta devastating blow to tourism throughout Europe.