Brown, the president and director of a corporation engaged in owning and operating a chain of motels, was advised, upon what seemed to be good authority, that a superhighway was to be constructed through the town of X, which would be a most desirable location for a motel. Brown presented these facts to the board of directors of the motel corporation and recommended that the corporation build a motel in the town of X at the location described. The board of directors agreed, and the new motel was constructed. The superhighway plans were changed, however, after the motel was constructed, and the highway was never built. Later, a packinghouse was built on property adjoining the motel, and the corporation sustained a considerable loss as a result. The shareholders brought an appropriate action against Brown, charging that his proposal had caused a substantial loss to the corporation and seeking recovery of that loss from Brown. What result

Answers

Answer 1
An officer or director of a corporation is not personally liable for loss sustained by the corporation as the result of the exercise of poor or mistaken business judgement. They are only liable for a loss resulting from his or her negligence of failure to exercise reasonable care. In this situation, Brown was exercising a business judgement in good faith with due care. Since a superhighway was to be constructed through the town of X, he believed it was in the corporation's best interest to build a motel there. Brown was not guilty of negligence, so the decision would be in favor of Brown.

Related Questions

What is the term for media for broad popular audiences—including newspapers, radio, and television?.

Answers

Answer:

Mass media

Example

Mass media is actually the primary means of communication for the general public to communicate with each other as well as on a grander level. The most popular types of mass media include Newspapers, Radio, Television, Internet, Magazines.

In a competitive market, no single producer can influence the market price because.

Answers

Explanation:

many other sellers are offering a product that is essentially identical consumers have more influence over the market price than producers do.

Choose all the characteristics of an effective leader.
✓ Welcome feedback
Take team credit
Micromanage
Have emotional intelligence
O Work to resolve conflict
Coach employees
Foster unhealthy competition

Answers

Answer:

likes competitions, puts in the work, team player

Welcome feedback, have emotional intelligence, work to resolve conflict, and coach employees are characteristics of an effective leader. Therefore, options A, D, E, and F are correct .

An effective leader is an individual who possesses the skills, qualities, and attributes necessary to inspire, guide, and motivate a team towards achieving common goals and objectives.

They demonstrate strong communication skills, actively listen to their team members, and value their input. Effective leaders exhibit emotional intelligence, understanding and managing their own emotions as well as those of others.

They foster a positive work environment, promote collaboration, and work to resolve conflicts constructively. Additionally, they provide guidance and support to their team members, offering coaching and development opportunities to help individuals reach their full potential and contribute to the overall success of the organization.

Therefore, options A, D, E, and F are correct .

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Choose a company you frequently buy from.
For example: Nike, McDonald's, Wawa
Now, identify that company's target market and marketing mix.

Answers

Coca Cola follows a price discrimination strategy in its marketing mix and the target market is younger customers within the age bracket of 10-25.

What is Marketing mix?

These are set of marketing tools that the firm uses to pursue its marketing objectives in the target market.

Coca Cola follows a price discrimination strategy in its marketing mix  means that they charge different prices for their products and its target market are young customers.

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Shaun oversees the marketing and sales activities for a company that sells products through its website. his job title is best described as . nadine analyzes ways to improve the number of viewers and time they spend on a website by promoting the site and updating its text and graphics to improve its search rankings. her job title is best described as .

Answers

The answer for the first one is Online Merchant

And the answer for the second one is Search Marketing Strategist

                                              You're Welcome

           PS: I'm not sure if it's too late, but hopefully I helped you.

Answer:

The other person is correct.

Explanation:

Fancy Nails' budgeted revenue is $20 per manicure. The planning budget for June was based on 2,400 manicures. During June, the actual revenue was $49,750 for 2,500 manicures. The revenue variance for June is ______.

Answers

Based on the information given the revenue variance for June is : $250 Unfavorable

Revenue Variance

Using this formula

Revenue variance=(Flexible budget-Actual revenue)

Let plug in the formula

Revenue variance=($20 per manicure x 2,500 manicures)-$49,750

Revenue variance=$50,000- $49,750

Revenue variance = $250 Unfavorable

Inconclusion the revenue variance for June is : $250 Unfavorable.

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Revenue and expenditures are sitting on a balance at the same level. This diagram shows a government’s budget. Which of the following words can best be applied to this budget? unbalanced balanced deficit surplus.

Answers

The government’s budget is balanced when the Revenue and expenditures are sitting on a balance at the same level. Option B is correct.

What is government budget?

A government budget is a document created by the government or the other political institution that outlines anticipated tax revenues and proposed expenditure for the new financial year.

The budget is introduced to the legislature in most parliamentary systems, and it typically involves authorization.

Provided that the box dimensions symbolize the lengths of a state's revenues and expenditures, and that the two sizes are equivalent, the budget is called the balanced budget, as Revenue=Expenditure.

If in the second condition, if the two sizes are not equivalent then the budget would be called as the unbalanced budget, and then deficit will occur if the expenditure > revenue and the Surplus will make if revenue > expenditure.

Therefore, option B is correct.

Learn more about the budget, refer to:

Answer: B

Explanation: takin test now

If the government levies a $500 tax per car on sellers of cars, then the price received by sellers of cars would:.

Answers

The answer is decreased by less than $500

WHY:
If he leaves $500 tax per car the price will be decreased less than $500

Which members of OPEC would be the most likely to favor high oil prices now because of their small percentage of the world proven oil reserves

Answers

The members of OPEC that would be in favor of high prices due to the small oil reserves that they have would be the countries in Africa

EcuadorAngolaTunisiaGabon

What is OPEC?

This is an organization of the petroleum producing countries of the world.

Due to a rise in the oil prices now, these nations would most likely be favored in the sales of their products

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Assume there are no changes in aggregate supply and no change in government policy, a decrease in government spending will likely _____ unemployment and ______ price level.

Answers

Answer:

decrease and increase

Explanation:

Thoose are the only 2 that make sense with no word box

Flextrola, Inc. , an electronics systems integrator, is planning to sell its next generation product using components sourced from its supplier. Flextrola will integrate the component with some software and then sell it to consumers. Given the short life cycles of such products and the long lead times quoted by its supplier, Flextrola only has one opportunity to place an order prior to the beginning of its "selling season. " Assume that Flextrola’s demand during the season is normally distributed with a mean of 1000 and a standard deviation of 600. (A normal table is provided at the end of this exam for your convenience. )


Solectrics’ production cost for the component is $52 per unit and it plans to sell the component for $72 per unit to Flextrola. Flextrola incurs essentially no cost associated with the software integration and handling of each unit. Flextrola sells these units to consumers for $121 each. Flextrola can sell unsold inventory at the end of the season in a secondary electronics market for $50 each. The existing contract specifies that once Flextrola places the order, no changes are allowed to it. Also, Solectrics does not accept any returns of unsold inventory, so Flextrola must dispose of excess inventory in the secondary market.


Required:

a. What is the probability that Flextrola’s demand will be within 25 percent of its forecast?

b. What is the probability that Flextrola’s demand will be more than 40 percent greater than its forecast?

c. Under this contract, how many units should Flextrola order to maximize its expected profit?

d. What are Flextrola’s expected sales?

e. How many units of inventory can Flextrola expect to sell in the secondary electronics market?

Answers

With a mean of 1000 and a standard deviation of 600, the probability that the demand is going to be withing 25 percent of its forecast is 0.3230.

a. Mean = 1000

sd = 600

p(1000x 1-25%) - p(1000x 1+25%)

using the z test

d-μ/σ

[tex]p(z < \frac{1250-1000}{600} )-p(z < \frac{-1000}{600} )\\\\(z < 0.4167)-(z < -0.4167)[/tex]

find values using excel sheet formula

NORMSDIST(0.4167) - NORMSDIST(-0.4167)

=m0.6615 - 0.3385

= 0.3230

b. The probability that the forecast would be more than 40 percent

1000x 1+40%

= p(D>1400)

= 1- NormDist(0.667)

= 0.225

c. Cu = 121-72 = 49

Co = 72.50 = 22

The critical ratio calculation

49/22 +49 = 0.6901

Normsinv(0.6901) = 0.496

1000+0.496x600

= 1297

The units that Flextrola has to order is 1297.

d. The expected sales of Flextrola

1200-1000/600

= 0.3333

loss function from z = 0.333 is 0.254

600x0.254 = 152. 4

1000-152.4 = 847.6

the expected sales are 847.6

e 1200- 847.6

= 352. 4

The units of inventory that can be sold is 352.4

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What is the relationship between interest rate, aggregate income, and price level?.

Answers

A decrease in income will lead to a decrease in price level and a decrease in the interest rate.

What is the relationship between these variables?

When income declines, there would a decrease in demand and this would lead to a decline in price levels. When price levels fall, interest rate also decline. Thus, there is a positive relationship between these variables.

Which of the following technology tools is capable of recording the number of outgoing calls placed on a telephone?
A) total trap
B) pen register
C) trap and trace
D) pen trace​

Answers

Answer:

I think it's a pen register

Explanation:

Hope this helps:)...if not then sorry for wasting your time and may God bless you:)

When PepsiCo purchased Frito-Lay and expanded its operations into the snack-food business, it was pursuing a ________ strategy.

Answers

PepsiCo was pursuing a diversification strategy when he purchased Frito-Lay and expanded its operations into the snack-food business.

What is diversification?

Diversification method is used by investors to minimize the risks associated with one single class of assets investment over a long period of time.

Diversification is an investment strategy that mixes a wide variety of investments from different categories within a portfolio.

Hence, PepsiCo was pursuing a diversification strategy when he purchased Frito-Lay and expanded its operations into the snack-food business.

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how can asking for help with your work be an advantage​

Answers

It will be an advantage if you answer your questions again after getting help.But without looking at the answers you got from friends and compare it later to see if your answers were alike or not.

The United Nations (UN) has many goals. Which statement below is one of its goals?

Question 2 options:

to provide tax cuts to the ultra wealthy throughout the world


to promote anti-vaccination campaigns


to end extreme poverty


to stay out of assisting in national elections, leaving the issue of voting to each individual nation or country

Answers

Answer:

to promote anti- vaccination campaigns

Technology has made our life easier. Justify the statement.

Answers

The digital era has simplified life in every aspect—from keeping people connected, to storing data, making information available, and enhancing security of data to end-end encryption. Technology has made this all possible, and its value and reach expand with each passing day.

Some economists argue that the american medical association and the american bar association create an effect on labor markets similar to that of a labor union. Do you agree?

Answers

Both American medical and American bar association create labor markets this is because the two associations both employ individual that are qualified for their fields restricting entries on unqualified candidate.

What is labour market?

Labour market is a platform for labour demand and supply such that he employees provide all there service demanded of them and the employer supplies all that the employee demands.

The two associations both provides employee that are qualified for their fields and medical and

demand and supply of labour are both regulated.

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A low-cost, no-frills grocery store chain that began in the United States decided to open similar stores in Germany which did not have any stores like this. What type of FDI is this company using

Answers

A greenfield investment is the type of Foreign direct investment used by the grocery store chain that began in the United States but decided to open similar stores in Germany.

What is a greenfield investment?

A greenfield investment means a foreign portfolio whereby company merely buys the stocks or bonds of an existing company.

Thus, the greenfield investment is the type of Foreign direct investment used by the grocery store chain.

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Which section of a budget would the monthly electric bill best belong in?
A. Housing and utilities
B. Meals and entertainment
C. Groceries and supplies
D. Transportation

Answers

Answer:

A. Housing and utilities.

Explanation:

It would be part of your house and it's a utility that come with an apartment so it's part of rent.

Hope This Helps!

- Justin:)

If the steady-state rate of unemployment equals 0. 125, the rate of job findings is 0. 56, then the fraction of employed workers who lose their jobs each month must be

Answers

Answer:

Explanation:

125, the rate of job findings is 0. 56, then the fraction of employed workers who lose their jobs each month must be.

The fraction of the employed workers who lost jobs at the end of each month should be 0.08

What is unemployment rate?

The unemployment is the situation in the working environment which shows the number of educated candidates who are still ideal and does not possess any job.

Computation:

[tex]\begin{aligned}\text{Rate}&=\dfrac{\text{f}\times\text{Um}}{( 1-\text{Um})}\\\\& = \dfrac{0.125\times( 0.56)}{( 1- 0.125 )} \\\\& = 0.08\end{aligned}[/tex]

were,

f is rate of job finding

Um is the unemployment rate

Therefore, the rate of job separation is 0.08

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Hollaway Manufacturing is considering using stocks of an old raw material in a special project. The special project would require all 180 kilograms of the raw material that are in stock and that originally cost the company $2,406 in total. If the company were to buy new supplies of this raw material on the open market, it would cost $7 per kilogram. However, the company has no other use for this raw material and would sell it at the discounted price of $6. 35 per kilogram if it were not used in the special project. The sale of the raw material would involve delivery to the purchaser at a total cost of $68 for all 180 kilograms. What is the relevant cost of the 180 kilograms of the raw material when deciding whether to proceed with the special project

Answers

Assuming the delivery cost is $68. The relevant cost of the 180 kilograms of the raw material when deciding whether to proceed with the special project is $1,075.

Relevant cost

Using this formula

Relevant cost=(Raw material×Discounted price)-Delivery cost

Where:

Raw material=180 kilograms

Discounted price=$6.35

Delivery cost=$68

Let plug in the formula

Relevant cost=(180 kilogram×$6.35)-$68

Relevant cost=$1,143-$68

Relevant cost=$1,075

Inconclusion the relevant cost of the 180 kilograms of the raw material when deciding whether to proceed with the special project is $1,075.

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resoudre cette equation suivante. 5 - 6 = 3 +2 x. aidez moi svp .. reponse​

Answers

Answer :

-2

5-6=3+2x

-1=3+2x

-1-3=2x

-4=2x

-4/2=x

-2=x

According to the video, what are some decisions that Architects make? Select four options.

how much money a building will be worth when finished
what traffic patterns people will follow
how people will feel when they enter or leave a building
how many laborers are needed for a project
where to put doors, walls, and windows
what building materials to use
which people will be allowed to enter a building

Answers

The decisions that Architects make include:

how much money a building will be worth when finished.how people will feel when they enter or leave a building.where to put doors, walls, and windows.what building materials to use.

Who is an architect?

It should be noted that an architect simply means an individual who plans, designs and also oversees the construction of a building.

In this case, some of the decisions that Architects make include how much money a building will be worth when finished, how people will feel when they enter or leave a building, etc.

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Answer:

above answer is wrong

Explanation:

The crunchy granola company is a diversified food company that specializes in all natural foods. the company has three operating divisions organized as investment centers. condensed data taken from the records of the three divisions for the year ended june 30, 20y7, are as follows: cerealdivision snack cakedivision retailbakeries divisionsales $25,000,000 $8,000,000 $9,750,000 cost of goods sold 16,670,000 5,575,000 6,795,000 operating expenses 7,330,000 1,945,000 2,272,500 invested assets 10,000,000 4,000,000 6,500,000 the management of the crunchy granola company is evaluating each division as a basis for planning a future expansion of operations.required:question content area1. prepare condensed divisional income statements for the three divisions, assuming that there were no support department allocations.2. using the dupont formula for return on investment, compute the profit margin, investment turnover, and return on investment for each division. if required, round your answers to one decimal place.3. when faced with limited funds for expansion, management should consider an expansion of the division first.

Answers

Based on the given entries, the condensed divisional income statements are:

                                    Cereal Division    Snack Cake       Retail Bakeries

Sales                               25,000,000          8,000,000           9,750,000

Cost of Goods               (16,670,000)         (5,575,000)          (6,795,000)

Sold  

Gross Profit                     8,330,000            2,425,000            2,955,000

Operating Expenses      (7,330,000)          (1,945,000)          (2,272,500)

Operating income          (1,000,000)            (480,000)           (682,500)  

The profit margins, Investment turnover, and ROI.

                                          Cereal Division   Snack Cake   Retail Bakeries

Profit Margin                             4                          6                       7

Investment Turnover               2.5                        2                      12

ROI                                              7                        1.5                     10.5

The management should go with Snack Cake as it has the highest Profit Margin.

What are the matrics and ratios for Crunchy Granola Company?

The condensed income statements will show all the divisions and their operating incomes in one statement as shown above.

The profit margin can be found as:

= Operating income / Sales x 100

The Return on Investment (ROI) is:

= Operating income / Invested assets  x 100

Investment turnover can be found as:

= Sales / Invested assets x 100

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3.) What are some key things to look for when setting up an IRA?​

Answers

Here is your Answer:-

You have the freedom to choose the type of IRA that is appropriate for you and to choose your own provider when you set it up on your own. You can add the “auto funding” feature to your IRA after you’ve set up the account. Step 1:- Choose the IRA That’s Best for You. Traditional and Roth IRAs are the most popular of the many forms of IRAs.

The accounts receivable turnover ratio is calculated by:.

Answers

Answer:

It is calculated by dividing net credit sales by average accounts receivable

Explanation:

The difference between accounting profit and economic profit is.

Answers

Answer:

Accounting profit - Your actual profit

Economic profit - Profit, but opportunity cost factored out

Explanation:

Accounting profit is how much you made (Revenue - Explicit Cost.

Economic profit includes implicit costs, or opportunity cost. If you could have made $100,000 at a different job, you subtract that. If Accounting-Economic profit is 0 or higher, you should stay in business.

Variable costing prepares the income statement using the traditional format. Question content area bottom Part 1 True False

Answers

It is a false statement that variable costing prepares the income statement using the traditional format because it is for allocation of production costs.

What is variable costing?

Variable costing refers to an accounting method that is used to allocate production costs to product being produced.

This method of costing allocates all variable-manufacturing costs to the product during the period.

Furthermore, a variable costing assigns only variable costs to the products.

In conclusion, it is a false statement that variable costing prepares the income statement using the traditional format because it is for allocation of production costs.

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When a tax is placed on a product, it’s_________increases, so it’s_________ may decrease. People react to the higher prices by buying _______.

Answers

Answer:

The answer is product, sales, similar products.

Explanation:

Hope This Helps.

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