Art Raskle Was an Officer,director,and Employee of a Broadly Held

question 6

Multiple Choice

Art Raskle was an officer,director,and employee of a broadly held corporation.At a directors meeting,he was surprised but pleased to learn that the corporation was discussing a resolution to contract with the firm of Fielding's Office Supply for $200 worth of office equipment.Raskle and a businesswoman had recently bought that business; Raskle has a 45% interest in it.Raskle voted for the contract and the resolution passed without discussion by a vote of 6-0.Several months after completion of the purchase,the other directors learned of Raskle's interest in Fielding's Office Supply and called on him to account to the corporation for any profit made.Which of the following is true?

• A)Raskle must account for any profit made because he failed to disclose his interest and voted on the question.
• B)Raskle is not in breach of any fiduciary duty because the dollar value of the contract falls below the minimum statutory threshold.
• C)Raskle has not breached his fiduciary duty because his vote did not determine the matter.Had he not voted,the result would have been the same.
• D)Raskle has breached his fiduciary duty but if the sale was "fair" and if the shareholders approve the sale by a special resolution after full disclosure,he need not account to the corporation for any profit made.
• E)Raskle is not in breach of his fiduciary duty because directors of corporations vote on contracts in which they have an interest all the time.

Understand how metaphor analysis reveals the impact of language on power dynamics within organizations.

Distinguish between different schools of critical analysis such as feminist and Marxist criticism.

Grasp the significance of Aristotelian concepts (ethos, pathos, logos) in argumentation.

Comprehend the principles of Burke's dramatistic analysis and its applications.

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Definitions:

Policy Advocacy

The act of arguing in favor of, or against, policies in order to influence public opinion or policy decisions at various levels of government.

Ballot-based Advocacy

The practice of using the electoral process, through ballots, to promote or support specific issues, policies, or candidates.

Policy Advocacy

The act of actively supporting or arguing in favor of a specific policy or set of policies.

Value-clarifying Skills

Abilities aimed at helping individuals identify and understand their values and principles to make informed decisions.