Tank Is a Director and the Majority Shareholder of Unique

question 25

Essay

Tank is a director and the majority shareholder of Unique New Investment Corporation (UNIC).Tank buys,for $1,500,an option to pur?chase a tract of real estate for $50,000.Tank forms Vista Property,Inc.,to hold the option.As the majority shareholder,and thus controlling di?rector,of UNIC,Tank orders the firm to authorize the pur?chase of the land from Vista Property for $500,000.Tank then has Vista Property buy the land,sell it to UNIC,and loan the money to UNIC for the purchase at a 10 percent interest rate.Wim,a minority shareholder in UNIC,com?plains to UNIC's board,which takes no action.Wim files a suit against Tank on UNIC's behalf.Will Wim prevail? Explain.

Differentiate between financial transactions and physical investments.

Understand the characteristics that distinguish task-oriented leaders from relationship-oriented leaders.

Recognize the effects of power on leaders' perceptions and behaviors towards their employees.

Identify the traits and behaviors associated with toxic leadership.

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Definitions:

Project Management

The application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.

Organizations

Groups or institutions comprising individuals working together to achieve common goals or objectives.

Critical Path Method

A project management technique for determining the longest sequence of dependent tasks and scheduling resources to optimize achievement of project objectives.

PERT Chart

A project management tool used to schedule, organize, and coordinate tasks within a project, standing for Program Evaluation and Review Technique.