Which of the following statements about the separation of ownership and control are true?When the ownership and control of a firm is separated, the owners become the residual claimants.Managers always work to maximize the firm's profit.It is effective for shareholders to monitor the performance of the management, in a firm owned bya large number of shareholders.One way to address the problem associated with the separation of ownership and control is to paythe managers extremely high salaries

The concept of separating ownership and control is fundamental to corporate governance. It shows the…

Answered: Which of the following statements about…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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You are the duty manager of a large 4-star hotel. A group of guests who have consumed too much alcohol have decided to have a late-night swim in the outdoor pool and are making far too much noise when other guests are asleep.1. Bearing in mind that these guests are intoxicated, how would you defuse the situation to ensure that their drunken behaviour stops in the pool area and other guests can get back to sleep?2.
What are the advantages and disadvantages of having the power to make decisions
Why do internal controls fail? What must we do as managers to ensure that internal control is effective?
In the process of developing an internal control system, what do you consider to be the most crucial aspects to take into account? Why? Take into consideration all six of the regulatory categorization cube's dimensions (intention, implementation, level).
Why is internal control so critical to the success of a business?
"The Board has adopted Corporate Governance Policies to ensure that the Board has the necessary authority and processes in place to review and evaluate our business operations as needed and to make decisions that are independent of our management. These policies include practices the Board follows with respect to its composition and selection, regular evaluations of the Board and its committees, Board meetings and involvement of senior management, senior management performance evaluation, and Board committees and compensation" Is a member of senior management present at all full Board and Board Committee meetings? Group of answer choices a) Yes b) It depends c) No
John Smith has been appointed as director of Luxury Furnishings Ltd. – a companymanufacturing and supplying luxury furnishings to home stores, hotels, restaurantsetc. You are instructed to advise John on his duties to the company.
Komatsu, Ltd.Komatsu Ltd was one of Japan's largest heavy industrial manufacturers. Komatsu was a large international firm with revenues of ¥989 billion and met some of 131 billion. The company was organized along three major lines of business: Construction equipment, industrial machinery, and electronic-applied products. Construction EquipmentKomatsu was the world's second-largest manufacturer of a complete line of construction equipment. The firm's product line contained over 300 models, including bulldozers, hydraulic excavators, wheel loaders, and dump trucks. With a more than 30% share of the domestic excavator market, Komatsu was the largest player in the Japanese market.The Product Development Process and Design for Manufacturability Cost StudiesThe product development process at Komatsu lasted two years on average.The Product Planning StageThe product planning process, which was last updated in 1981, began with the preparation of a long-range development plan.The Design…
The three organizational levels are: a. Corporate level, business unit level, functional level b. Corporate strategy level, business level, specialist level c. Corporate strategy level, business unit level, functional level d. Corporate level, business level, functional level
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Choose either True (T) or False (F) for each of the following questions – put your answers in the answer space below: i) If a company has retained the replaceable rules, its directors will have authority as to the issue of dividend. ii) If a shareholder wants to bring an action under s 236 of the Corporations Act 2001 (Cth) regarding a transaction the company is involved in, the issue of whether the directors have a material personal interest in that transaction is not relevant. iii) Among the officers of a company, only the directors of a company owe the duty to prevent insolvent trading as per the provisions of the Corporations Act 2001 (Cth). iv) In the ASIC v Adler (2002) 41 ACSR 72 case, Mr Rodney Adler was not the director of HIHC, the HIH subsidiary that advanced the $10 million to Pacific Eagle Equity Pty Ltd (PEE). v) A company will be directly liable for all crimes committed by its employees. vi) Once a company is deregistered under the Corporations Act 2001 (Cth.), it…
Write a short essay of about 4000 words on the topic "Intellectual Property Management and Typical Issues".

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