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Interpret the legal factors involved in corporate management and ownership. As company ombudsman, your task is to investigate complaints of wrongdoing on the part of corporate directors and officers, decide whether there is a violation of the law, and deal with the wrongdoers accordingly. Jane, a shareholder of Goodly Corporation, alleges that its directors decided to invest heavily in the firm's growth in negligent reliance on its officers' faulty financial reports. This caused Goodly to ...
Weegy: The directors of the company in any event if found negligent in taking a decision that would result a negative consequences to the company will held them liable.But if in any case as to the investors part to loan or not to take a loan will remain a [ self taking action. ] (More)
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Business and Money|No Subcategories|Expert Answered
Asked 9/9/2011 2:52:46 PM
0 Answers/Comments
What are the burdens of the public debt with the Tea Party Budget?
Weegy: The real problem with extreme government debt would be the interest burden it would create. If interest payments reached 12 percent of GDP, that could cause a government default. The US is far from reaching that point. [ However, it was using the debt ceiling to extort political concessions that made a routine financial process look like the crisis it became. Cantor kept his name in the press then by walking out of negotiations with Vice ... (More)
Question
News and Issues|No Subcategories|Expert Answered
Asked 9/9/2011 3:06:46 PM
0 Answers/Comments
What are the burdens of the public debt with the Tea Party Budget?
Weegy: Government debt (also known as public debt, national debt, sovereign debt)[1][2] is money (or credit) owed by a central government. In the US, "government debt" may also refer to the debt of a municipal or local government. [ By contrast, annual government deficit refers to the difference between government receipts and spending in a single year, that is, the increase of debt over a particular year. As the government draws its income ... (More)
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News and Issues|No Subcategories|Expert Answered
Asked 9/9/2011 3:07:37 PM
0 Answers/Comments
Many people advocate taxing "the rich" to alleviate the debt problem but the truth is that taxes will have to be increased on all income earners. What macroeconomic impacts would you expect to see if taxes are raised "across the board"?
Weegy: The majority of people will have less money, so this may lead to a state of poverty for many families. It could also lead to a depression, and more debts. There would generally be a lower standard of living nationwide. (More)
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News and Issues|No Subcategories|Expert Answered
Asked 9/9/2011 3:33:15 PM
0 Answers/Comments
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