Prior to Going on Vacation for Two Weeks, Dirk Rothstein

question 84

Multiple Choice

Prior to going on vacation for two weeks, Dirk Rothstein, Division Manager, assembled his management team and said, "In my absence, Marianne will serve as acting Division Manager. I know that all of you department managers will give Marianne your full support." Afterwards, in a one-on-one meeting with Marianne, Dirk told her that he was giving her all that she needed to manage in his absence, except for

• A)authority to chair the next managers' meeting.
• B)time to do the job.
• C)budget to do the job.
• D)authority to discipline another department head.
• E)authority to oversee production.

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Definitions:

Fiduciary Duty

A legal obligation of one party to act in the best interest of another when entrusted with care of money or property.

Votes

Formal indications of a choice made from among options or decisions, often used in the context of elections or decision-making processes in organizations.

Revised Model Business Corporation Act

An updated model statue designed to serve as a comprehensive guide for the structuring and governance of corporations in the United States.

Fiduciary Duty of Care

A legal obligation of one party to act in the best interest of another when entrusted with the care of their assets or interests.