Describe a situation where the interests of the manager and the owner could be in conflict.
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Describe a situation where the interests of the manager and the owner could be in conflict.
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- 4. What would be the objections for each party involved in the scenarios? (Explainminimum five objections).Read the following scenario and answer the question in 5–10 sentences. Fred and Frank have been operating a seasonal outdoor maintenance and landscaping business for the last three years under the name F & F Maintenance. There was no written partnership agreement. During the nonoperational winter months, Fred spends his time in Costa Rica, while Frank stays in town. In January, Frank was approached by an existing customer with a request that F & F build and install a bleacher stadium and football field for the local middle school. Frank advised the customer that, while he had no direct experience with this type of project, he was sure that he could subcontract any work that was needed. Neither Frank nor Fred had any previous experience as a general contractor. Experience aside, Frank signed a contract to complete the project for $200,000, taking a down payment of $50,000 with the remaining amount to be paid after passing inspection. At the inspection, the inspector determined…Critically evaluate the following autonomous cases : For each case , determine whether APES 110 has been breached and explain your answer. (a) Kelly Brown, sole proprietor of an audit firm, plans to establish a separate business that will provide management consulting services. She intends to operate both businesses simultaneously.
- Penny is seen organizing racks at a local clothing store one day while she shops, and the manager offers her a job. The next day, Penny’s boss from the clothing store across the street comes in and accuses the manager of trying to interfere with Penny’s non-competition agreement. Which of the following is true? The manager has done nothing wrong because non-competition agreements are never used in clothing retail. The manager is guilty of interference with a business relationship. The manager has interfered with a contractual relationship and will be liable for interfering with a contractual relationship. The manager has done nothing wrong because she did not know about the non-competition agreement.explain the right as well as the wrong options brieflyWhat are some examples of which instances employees would be subject to noncompete agreements?
- Ownership rights for real property include: a) free flow of air rights. b) inheritance rights. c) solar rights. d) defeasible rights. e) subsurface rights.Carina Cooks has been employed by Realfood Restaurant Group (RRG) for around 3 years. Cooks was first hired as a line cook. After seeing Cooks’ potential, Cooks was quickly promoted to Sous Chef. At the time of the promotion, Cooks signed a document that stated: AGREEMENT NOT TO COMPETE: In consideration of continued employment at RRG, I agree that, in the event of termination, I will not engage in any business as an owner, employee, or stockholder with any company that competes, directly, or indirectly with RRG, for ten years. Last year, Cooks was asked to head a special project to design the menu for a new RRG concept restaurant – the Fast But Fancy Fried Food Emporium. The restaurant was to sell deep-fried food in a fine dining atmosphere with fine dining pricing. For her role, Cooks was promised a bonus of 3% of the restaurant’s profits over the first year of operation in addition to her salary as the Head Chef of the restaurant. Cooks was skeptical of such a restaurant’s…Professor James Adjei was Coordinator of MBA Finance at the School of Graduate studies of the University ofProfessional Studies, Accra. During the admissions process for the 2017/2018 academic year, his wife appliedand gained admission to pursue MBA Finance at the same school. During the course of her studies, her husbandfacilitated the teaching and learning as well as the administration of all end of semester examinations for theprogramme.Unknown to the Management of the University, Mrs. Adjei enrolled and eventually graduated as the bestgraduating student among her cohorts. When Management of the University received information about thisunusual development, they instituted a comprehensive systems audit and an investigation into the circumstancesleading to the eventual emergence of Mrs. Cate Adjei as the best graduating student on the programme.Professor Adjei was granted full hearing to explain what transpired during the period of the wife’s studies. Hedefended that he worked…
- A longtime client, Salim Ali, recently entered into a new venture involving his ownership and operation of a small 20-room motel and café’ located in an area of Al-Qurum-Muscat heavily visited by tourists. He needs your advice. Salim hired a young couple to run the motel and café’ on a day-to-day basis and plans to pay them a m0nthly salary. They will live for free in a small apartment behind the motel office and will be in charge of the daily operations of the motel and café’. The couple will be responsible for hiring and supervising the four or five part-time personnel who will help with cleaning the rooms, cooking, and waiting customers in the café’.etc. the couple will also maintain records of rooms rented, meals serviced, and payments received (which can be in cash, checks, or credit cards). They will make weekly deposits of the business proceeds at the local bank. As the time approaches for the business to open, Salim is concerned that he will have a little control over the…A longtime client, Salim Ali, recently entered into a new venture involving his ownership and operation of a small 20-room motel and café’ located in an area of Al-Qurum-Muscat heavily visited by tourists. He needs your advice. Salim hired a young couple to run the motel and café’ on a day-to-day basis and plans to pay them a m0nthly salary. They will live for free in a small apartment behind the motel office and will be in charge of the daily operations of the motel and café’. The couple will be responsible for hiring and supervising the four or five part-time personnel who will help with cleaning the rooms, cooking, and waiting customers in the café’.etc. the couple will also maintain records of rooms rented, meals serviced, and payments received (which can be in cash, checks, or credit cards). They will make weekly deposits of the business proceeds at the local bank. As the time approaches for the business to open, Salim is concerned that he will have a little control over the…Define Robinson-Patman Act?