The Board of Directors of Filex Corporation at a Regular

question 16

Multiple Choice

The board of directors of Filex Corporation at a regular meeting of the board entered into a contract with Ginger Grant,one of its directors.This contract called for Filex to purchase 120 acres of land from Ginger.There were ten members on the board,eight of whom were present at the meeting.One of the directors present was Ginger.All the other directors were disinterested in the transaction and not related to Ginger.After a lengthy discussion,six directors voted in favor of the contract and two voted against it.Ginger voted for the contract.Which of the following is true?

• A)The contract between Ginger and the corporation is illegal and invalid.
• B)The contract is valid since it was approved by a majority of a quorum of the board.
• C)The contract becomes void if the corporation proves that the contract was unfair to it.
• D)The contract is voidable unless Ginger proves that the contract is fair to the corporation.

Discuss the folk wisdom around personality types and their relation to job roles and stress.

Understand the classification of conflicts into functional and dysfunctional categories.

Comprehend the Thomas-Kilman Conflict Model and the behavioral traits of competitors, collaborators, and avoiders within it.

Recognize the nature and resolution strategies of different types of conflicts such as values, content, and negotiation-of-selves conflicts.

---

Definitions:

Detection Paradigm

The detection paradigm is a method in psychological research focusing on the ability of subjects to detect a stimulus under different conditions to study perception and cognition.

Perceptual Set

An expectation of what will be perceived, which can affect what actually is perceived.

Absolute Threshold

The minimum intensity of a stimulus that is required to be detected at least 50% of the time by a subject.

Difference Threshold

The minimum noticeable difference that a person can detect between two stimuli 50% of the time; also known as the just noticeable difference (JND).