A . Ron wants to buy all of the stock of Quagmar, Inc He approaches the officers and directors and offers to pay them $200 per share for each of the shares they hold. The officers and directors agree and then convince the majority of shareholders to
sell their stock for $100 per share. Do the other stockholders have a cause of action against the officers and directors? Explain. b. Arthur, Bob, and Clark are three of the five board members of Krescent, Inc One day they meet by chance for breakfast and decide to transact some corporate business while they are all together. If they decide to declare a dividend and to purchase another building for the corporation at this meeting, will their actions be binding on the corporation? Explain.
a . Yes. The officers and directors have a fiduciary duty to the corporation and to the shareholders. In this case, personal interest was put ahead of company interests.
b. No. All board members are due advance notice of any meetings. It would not be an authorized meeting at which company business could be conducted.
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The final paragraph of a cover letter should
A) thank the reader for reading your résumé. B) ask for a personal interview. C) refer the reader to your résumé for contact information. D) suggest specific times and dates for a personal interview.
Similar to stock mutual funds, what comes in a variety of flavors, depending on the objectives of the investor?
A) REITs B) Real Estate C) Stock Mutual Fund Managers D) Portfolios E) Bond mutual funds
______________________________is the process of selecting from various options that are built into the system.
Fill in the blank(s) with the appropriate word(s).
Which of the following conditions supports teamwork?
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