Vernon and David are the controlling shareholders in E-treme, Inc. Discuss the obligations that Vernon and David owe to the minority shareholders.
What will be an ideal response?
As controlling shareholders, they may not enter into unfair business transactions with the corporation; they have a fiduciary duty to minority shareholders; they may not exclude minority shareholders from beneficial arrangements involving stock; and they are prohibited from expelling minority shareholders, unless the expulsion is done for a legitimate business purpose and a fair price is paid for their stock.
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Which employee likely has the most direct influence on the guest’s perception of service quality and value?
a. the general manager b. the frontline employee c. the back-of-house employee d. the owner
Irene Manufacturing uses a predetermined overhead allocation rate based on direct labor cost. At the beginning of the year, the company estimated total manufacturing overhead costs at $1,020,000 and total direct labor costs at $820,000. In June, Job 711 was completed. The details of Job 711 are shown below.
How much was the cost per unit of finished product? (Round any percentages to two decimal places and your final answer to the nearest cent.)
A) $157.50
B) $197.70
C) $169.70
D) $219.70
If a project is expected to be completed in 68 days with a project variance of 9 days, what is the probability that the project will be completed within 50 days?
A. 0% B. between 5% and 10% C. between 15% and 30% D. over 35%
The reduction of individual contributions when people work in groups rather than alone refers to:
a. Social loafing b. Free-riding c. The “sucker effect” d. Social facilitation