Ron Sanyo is a director of Tippet industries, a business that imports clothing. Ron learns of a good deal on clothes from Cuba and wants to start his own company to take the Cuba deal
If he does so, he will have breached which, if any, of the following?
A) Director's negligence
B) Shareholder oppression
C) Fiduciary duty
D) Both A and B
E) All of the above
C
You might also like to view...
Which of the following involves making decisions about how specialized jobs should be, the rules to guide employee's behaviors, and at what level decisions are to be made?
a. departmentalization b. centralization c. organizational design d. formalization e. work specialization
Which of the following is the best advice about business plans for Paul, who has a great idea for a start-up business but will need substantial external financing to get started?
A) Have a business plan in place by the first day your business is open. B) Have a business plan in place before seeking out investors. C) Focus on the product overview and fill in details about the competitive environment after the business has launched. D) Focus on the operations overview and fill in financial details after the business has launched. E) Make operational and financial objectives as general as possible.