One of the fiduciary duties of directors is the duty not to compete with the corporation. They may pursue their own business interest, but they may not:
a. use corporate resources do do so.
b. hire away personnel for their own business.
c. use corporate facilities to do so.
d. All of the answer choices are correct.
d
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The third step in the planning process is to assemble all the defined issues into a comprehensive list. The combination of lists from each side in the negotiation determines the ________ mix.
Fill in the blank(s) with the appropriate word(s).
Identify the most common conflict of interest schemes
a. purchase schemes and sales schemes b. bid-rigging schemes and kickbacks c. ghost employees and commission schemes d. false refunds and false voids.
Bob is the promoter of a new corporation that has not yet been incorporated. On behalf of the as yet unincorporated business, he enters into a three-year lease agreement for office space and personally signs the lease in his own name. The corporation is liable on the contract, because Bob is its agent
a. True b. False Indicate whether the statement is true or false
Tangerine Inc.'s target capital structure is 20 percent debt, 20 percent preferred stock, and 60 percent common equity. Its bonds have a 12 percent coupon, paid semiannually, a current maturity of 20 years, and sell for $1,000. The firm's marginal tax rate is 40 percent. The firm's policy is to use a risk premium of 4 percentage points when using the bond-yield-plus-risk-premium method to find the cost of retained earnings. Which of the following is Tangerine's component cost of retained earnings??
A. ?8 percent B. ?10 percent C. ?12 percent D. ?14 percent E. ?16 percent