the following duties: 1) duty of care – duty to make/delegate decisions in an informed way; 2) duty of loyalty – duty to advance corporate over personal interests; 3) duty of good faith – duty to be faithful and devoted to the interests of the corporation and its shareholders; 4) duty not to “waste” – duty to avoid deliberate destruction of shareholder value. There is no reason to believe that the duties of Vector’s board should be any different. The major conflict between Vector’s board and its
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Case 51: Kathy Smith’s Career Plans Lawrence L. Lapin‚ San Jose State University It is true that monetary value can take the place of actual preference‚ but it does not wholly capture one’s tendency towards risk‚ which is an important aspect of decision-making. Thus‚ depending on the situation‚ utility may be the best alternative in determining one’s decision. Such is the case in Kathy Smith’s dilemma. She faces the problem of whether or not to take on an MBA program. If she decides not to‚ she
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1. The ethical issues in this case may be considered to revolve around rights—the rights of the poor farmers and their families‚ the rights of each business entity and person involved in bringing the produce to market‚ and even the rights of the end customer to understand the pertinent issues involved in the supply chain. How do you make trade-offs among these various persons’ rights? Which rights predominate? Give the rationale underlying your answers to this question. The rights of poor farmers
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Main text. Questions. Page 3. 1. What does e.coli stand for? E.coli stands for Escherichia coli. 2. What are the symptoms associated with E.coli bacterial infection? The symptoms are diarrhea‚pain‚cramping‚nausea and vomiting. 3. give a detailed comparison of the levels of the e.coli bacteria over the five week period as given above. Page 4. 4. What could possible reasons
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1. You are the consultant. Clark has asked you to submit a proposal for a PS plan for Maple Leaf Shoes. You wonder about the appropriateness of such an incentive system for Maple Leaf Shoes‚ but you promised to look into it. What will you tell Robert Clark? A profit sharing plan is a plan that gives employees a share in the profits of the company. Each employee receives a percentage of those profits based on the company ’s earnings. The textbook defines profit sharing plan as “A system whereby an
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Throughout world history‚ we have seen great leaders who have been essential in changing history as we now know it. Mark Zuckerberg is widely considered as a role model a great business leader. This is largely because at the age of less than 30 years‚ he has demonstrated qualities that make him stand out as a great leader. At an early age he has achieved a notable feat that has helped change our ways of life. Leadership is a complex process. According to Gill‚ there are six themes that we can connect
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Executive Summary Accounting Issues: Fraudulent Accounting Practices • $11 Billion Accounting Fraud over 3 years (1999 – 2002) by understatement of operating expenses of $7B through improper release of accruals and improper capitalization of operating expenses • management promoted culture fixed on the numbers • board of directors’ failure to scrutinize billion-dollar acquisitions • excessive loans to executives in order protect stock prices Financial Overview of WorldCom (in
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Running Head: SUNSHINE HEALTH CORPORATIONS 1 Sunshine Health Corporations Natasha Bing Grantham University SUNSHINE HEALTH CORPORATIONS 2 Abstract Networking plays a vital part in business today. It provides the tool to link people‚ software and hardware together. It
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In addition to issues of church government and belief‚ two political topics dominated Conference discussions: the drinks trade and education. Conference supported numerous attempts to restrict the sale of alcohol on Sundays or to children‚ increased control on licensing arrangements‚ including enhanced rights for those making objections to the granting of licenses. All these Private Members’ and government promoted attempts failed‚ except for an increased tax on whisky‚ The Children’s Act of 1909
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The 9/11 attacks on the World Trade Center was the largest attack on U.S. soil to date‚ but it destroyed more than just buildings. It is well known that 2‚974 people in lower Manhattan and 343 first responders from the Fire Department of the City of New York were killed in the line of duty. However‚ it is lesser known that for the next 10 months‚ until the site closed on July 25‚ 2002‚ FDNY workers were continually subjected to dangerous working conditions‚ fear for the personal safety and were in
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