Leah, the president of United Sales, Inc., tries to ensure that Uniteds actions are legal and ethical.

Question:

Leah, the president of United Sales, Inc., tries to ensure that United’s actions are legal and ethical. To achieve this result, the best course for Leah and United is to act in

a. good faith.

b. ignorance of the law.

c. regard for the firm’s shareholders only.

d. their own self-interest.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

See More Books

Question Posted: Feb 24, 2024 12:01 AM

See More Questions

Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
Googles ease of use and superior search results have propelled the search engine to its num- ber one status, ousting the early dominance of competitors such as WebCrawler and Infos- eek. Even later...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
Using a resource-based view, explain why some firms improve their economic performance by adopting a CSR strategy, whereas others achieve no results or damaging results.
1. Who should be at the presentation? 2. How should she start the meeting? 3. What are the key points she should make in her presentation? 4. What reservations should she expect? How should she...
What type of data does an analytical database store?
Explain events and their importance in dynamic modeling.
The time between calls to a corporate office is exponentially distributed with a mean of 10 minutes. (a) What is the probability that there are more than three calls in one-half hour? (b) What is the...
A company sets an auction for N objects. Bidders place their bids for some subsets of the N objects that they like. The auction house has received n bids, namely bids bj for subset Sj, for j =...
Alan, an executive with Beta Corporation, follows the principle of rights theory. Under this theory, whether an action is ethical depends on how it affects a. the right determination under a...
Acme Services, Inc., represents to Best Production Company that certain services can be performed for a stated fee. This representation would be unethical if Acme knew at the time that a. Acme could...
Graph the function by hand, not by plotting points, but by starting with the graph of one of the standard functions given in Section 1.2, and then applying the appropriate transformations. a. y = 1/x...
What strategies do we employ to anticipate and preempt competitive threats, disruptors, and potential sources of industry upheaval, thereby positioning ourselves as a market leader in the long term ?...
Sully, Harry and Clark have capital balances of $ 2 6 comma 0 0 0 $ 2 6 , 0 0 0 , $ 4 4 comma 0 0 0 $ 4 4 , 0 0 0 , and $ 9 0 comma 0 0 0 $ 9 0 , 0 0 0 . The partners share profit as 1 1 : 1 1 : 3 3...
How do we assess the efficacy of our strategic initiatives in terms of their alignment with our long-term vision and objectives ?
Placed an order for office supplies costing $1,700. Supplier intends to deliver later in the month. Record the transaction.
Question 2 As at 31 December 20X0, the shareholders' equity of Modern Pte Ltd comprised 4,400,000 issued and outstanding ordinary shares at book value of $3,080,000, and retained earnings of...
To support herself while attending school, Kim Lee sold stereo systems to other students. During her first year of operation, she sold systems that had cost her $95,000 cash for $140,000 cash. She...
5. How much would you need to deposit in an account now in order to have $5,000 in the account in 5 years? Assume the account earns 2% interest compounded monthly. 10. You deposit $300 each month...
Which of the following is not a part of the Howey test used to define a security? a. Investment of money b. Common enterprise c. Nominal interest of investor d. Expectation of profit e. All of the...
Federal securities statutes define security by recognizing specific forms of securities such as: I. Stocks II. Bonds III. Bank accounts IV. Certificates of deposit (CDs) a. I and II b. I and III c....
In the , issuers raise capital by selling securities in the public markets or in private placements. a. Stock exchange b. Primary market c. Secondary market d. Debt exchange e. Bond market
Describe the operating activities of each company noting similarities and difference between COCA COLA & PEPSICO. Identify two economy wide factors and industry wide factors that could impact on the...
The trial balance for a company listed the following account balances at December 31, Year 1, the end of its fiscal year: cash, $36,000; accounts receivable. $31,000; Inventory, $45,000; equipment...
A corporation issues 13 %, 15-year bonds with a par value of $570,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 11%, which implies a selling price...

Leah, the president of United Sales, Inc., tries to ensure that Uniteds actions are legal and ethical.

Question:

Step by Step Answer:

a good faith Acting in good faith denotes sincere dedication to upright intent...View the full answer

Business Law Text And Exercises

Students also viewed these Social Science questions