Corporate Governance: Assume Legal Eagle Corporation hires Rhonda Daily to be the new CEO. Rhonda is then elected as Chairwomen of the Board. Rhonda convinces the Board to vote for a deal. Even though the deal is not in the best interest of the company, Rhonda wants the deal to go through because it will boost her own stock's value. This is most likely a violation of which fiduciary duty?

Group of answer choices

Duty of obedience

Duty of care

Duty of loyalty

Board composition

Conflict of interest (dual roles)

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Question 19

4pts

Business Organizations: In class, we discussed the five main factors businesses consider when selecting a business form. Which one is NOT one of the five main factors?

Group of answer choices

Ease of creation

Amount of control over company decisions

Manner in which entity is taxed

Questions about naming protocols

Legal liability

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Question 20

4pts

Business Organizations: If you were not concerned with the ease of creation (i.e., the complexity or paperwork), but you wanted the flexibility to decide how to be taxed as a company (either having the money flow through to your personal taxes or being taxed first on profits and then on any distributions), which of the following would be the best business form for you to select?

Group of answer choices

Corp - S Corp

Franchise

Limited Liability Company

Corporation - C Corp

None of the answers

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Question 21

4pts

Business Organizations: Which of the following is a way to dissolve a limited partnership?

Group of answer choices

Loss of all limited partners

Loss of all general partners

At Will - Written consent of all partners

Term - end of project

All of the answers

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Question 22

4pts

Agency: Which is an agent's responsibility?

Group of answer choices

None of the answers

Repayment

Safe Working Conditions

Notification

Reimbursement

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Question 23

4pts

Agency: Assume you are an employee, the payroll manager, for Company ABC. Your written job duties state that you deliver (in person or by electronic direct deposit) the checks to employees on a biweekly basis. If you writ and sign the checks for Company ABC, that would be an example of what type of authority?

Group of answer choices

Cooperation

All of the answers

Apparent

Implied

Express

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Question 24

4pts

Ethics: Assume an investment banker, who sold risky investments, justifies her actions by saying she was told to do it by her boss. Which type of moral disengagement is she using to justify her actions?

Group of answer choices

Diffusion of responsibility

None of the answers

Displacement of responsibility

Dehumanization

Attribution of blame

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Question 25

4pts

Ethics: Assume an investment banker, who sold risky investments to her clients, justified her actions with the rationalization that the clients should have done their own research and it was their fault for not informing themselves. Which type of moral disengagement is she using to justify her actions?

Group of answer choices

Moral justification

Distortion of consequences

Attribution of blame

None of the answers

Euphemistic labeling