Will is an agent for MaryElise. MaryElise gives Will clear instructions to only enter into contracts on Mondays, Wednesdays, or Fridays. Will enters into a contract on MaryElise's behalf on Tuesday. Will has breached
a. the duty of performance.
b. the duty of loyalty.
c. no duty.
d. the duty of obedience.
d
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Assume a nonlinear programming problem with a single constraint has been solved. The value of the Lagrange multiplier is $0.75 and the value of the optimal profit (Z) is $25
If the right-hand side of the constraint is increased from 38 to 42, the new value of Z will be ________. Fill in the blank with correct word.
Which of the following statements is FALSE?
A) A board is said to be classified when its monitoring duties have been compromised by connections or perceived loyalties to management. B) Even the most active independent directors spend only one or two days per month on firm business, and many independent directors sit on multiple boards, further dividing their attention. C) On a board composed of insider, gray, and independent directors, the role of the independent director is really that of a watchdog. D) Because independent directors' personal wealth is likely to be less sensitive to performance than that of insider and gray directors, they have less incentive to closely monitor the firm.