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1. Glen is a director and shareholder of Eagle Corporation and of Fine Products, Inc. A resolution comes before the Eagle board to compete with Fine Products. What is Glen’s responsibility?

I think that the director can not support any business that competes directly with the corporation that is on board. I believe that directors duty is to disclose the conflict of interest and the directory will have to makes sure in any circumstances or if anything changes, the director will have to resign from on of the boards. So I believe that Glen has the duty to inform about the fine products of Eagles intent to compete with them, so at the end if Fine Products and Eagle Corporations go into competitions then I believe that Glen wouldn’t be able to contain to be the director for both companies.
2. Todd is a director and officer of United Sales, Inc. Todd makes a market¬ing decision that results in a dramatic decrease in profits for United and its shareholders. The shareholders accuse Todd of breaching his fiduci-ary duty to the corporation. What is Todd’s best defense against this ac¬cu¬sation? Later, a resolution comes before the United board to compete with VeriFine Products, Inc. Todd is a director and shareholder of VeriFine. What is Todd’s responsibility in this situation?
I think the best defense here is would be the business judgment rule. Because as long as the director or officer does what has to done to stay informed and if they act in good faith, on what he or she may think could be in the best interest of the corporation and to think what another person would do being in the same circumstance. I think that he or she will not be hold liable because a decision has a negative result, unless there is evidence of bad faith that can be proved, unless it can be proven that Todd acted in bad faith and did try to cause the company harm he will be protected by the business judgment rule, that protects Todd from any liability of the bad business decision the he made. If there’s a resolution about the United sales, Ince to compare with Venfine Products Todd will no be able to be on board with either of the companies because it could cause conflict of interest.
3. Drew is an officer of Energy Fuel, Inc. Drew knows that an Energy engi¬neer recently developed a new, inexpensive method for converting hy¬dro¬gen into fuel. Drew takes advantage of this information to buy Energy stock from Gert and, after the discovery is announced, to sell the stock to Holly at a profit. Gert claims that this is a violation of federal law. Is Gert correct? If so, what federal law has Drew violated? If not, has Drew vio¬lated any law?
I think that the loyalty satates that the directors and officers can not usane the funds that belong to the corporate or use any confidenintial information for personal use, I believe some of the cases that deals with the duty of loyalty involve :
1. Competing with corporation
2. Taking personal advantage of an corporate opportunity
3. Having interest that conflicts with the interest of the company
4. Engaging with insider trading
5. Giving authorizing a company transaction that detriment to minority shareholders.
6. Selling control over the company
I believe that Drew violated the insider trading law because he had inside information from the energy fuel, that they made an inexpensive method for converting hydrogen into fuel. That made him purchase energy stock form Gert to make profit.
4. Standard Corporation is a public company whose shares are traded in public securities markets. Standard’s officers want to set up and main¬tain a system of “good corporate governance.” What is ” corporate govern-ance”? What is its practical significance? What, at a minimum, should a “good” system of corporate governance include?
Governance policies says that the rights and responsibilities of participants in corporation and spelling out rules and procedures for making decisions, any effective corporate governance can maybe considered practical significance that means that the corporations can have a better corporate governance by having a better accountability to investors, the investors can also have higher valuation than the corporation that has less concern about governance.
I think that a good system should include audited reports of any financial progress. This would be a great way to protect their shareholder, and this will also be a great way for the managers to evaluate the financial progress and they will have record of it all. Any one that breaks the law either by taking advantage of the shareholders can be and should be punished for having misbehavior.

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References
Cengage Advantage Books: Business Law Today: THE ESSENTIALS
11th Edition
ROGER LEROY MILLER

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1.2 Assumptions and notations, parameters, dependents variables
• The numbers of replenishment are finite or infinite.
• The total single of item is mentioned.
• Demand and deterioration, breakability rates may constant or non-constant.
• There is no inventory replenishment back order.
• Planning horizon is a finite.
• The lead time is zero or non zero.
• The inventory level at the end of the planning horizon will be zero or non zero.
• The cost factors are deterministic.
• The order and shortage quantity.
• Purchasing, holding, shortage interest payable & interest earned.
• The last order is only being placed to satisfy the shortage of the last period.
• The goal of the model is to determine the EOQ and optimal total cost and find out the optimal inventory level.
1.3 Research Objectives
Some of the objectives of the research study are
? To derive the optimal order quantities, shortage quantities and deterioration rate is a function of time when
• When the demand rate is constant.
• When the demand rate is non constant.
? To derive and try to develop the mathematical model to obtain the optimal order quantities when demand rate, deterioration rate are constant.
? To obtain the optimal order quantities, the shortage is not allowed function, demand rate is nonlinear.
? Try to develop the optimal costs including inventory cost, holding cost &shortage cost, purchasing cost, interest cost and interest earned cost.
? To find optimal order quantity for one price break, multi-price breaks, if they are possible.
? To analyze the sensitivity analysis by numerical example.
? Try to develop the management order economic quantity in case deterioration items.
Try to develop a model for real-life data set for Yemen situated industries quantity in case deterioration items.
1.4 Research methodology
? Differential equation technique will be used to find the general solution and special solution for our two differential equations by using the Bernoulli equation over the bounded of time when the shortage is allowed or not allowed.
? Simulation technique will be implemented for finding quantities based in special equations when shortages or without shortages allowed based on the inventory level.
? The goodness of fit for the demand rate by using the distribution theory technique based on the data which is collected by using the Chi-square test.
? Regression analysis technique to estimate the demand rate, deterioration as linear or nonlinear regression for the data which is collected.
1.5 Significance of Research
? It can be used to find minimum deterioration for goods (permissible quality) and optimal quantity to satisfy the customers based on the data which is collected.
? This research can handle the inventory model with non-zero inventory level.
? It can manage all goods have deterioration and break-ability characteristics through optimal quantity, optimal inventory cost in the Republic of Yemen by representing the best model for the demand rate, deterioration rate, and break-ability.
? It can be applicable for Yemen situated industries for their development &it will help to increase the profit of the industries.
1.6 Applications
Some of the application of the study is stated below:
? It can use it in all chemical inventory include goods have deterioration and some medicines.
? It can use it to manage the problems in the bank of blood.
? It can use it in the marketing of fruits and vegetables.
? It can control the quantities in stock.
? It can minimize the deterioration rate to get the best quality of the items.
? It will be tried to development the EOQ model based on the deterioration rate and demand rate.
? It can use to increase the profits by finding the optimal cost associated to purchase cost, holding cost and carrying a cost.
? It can handle the many situations for deteriorating items with inflation.
? It can estimate the effects of the parameters together, changes on the derived results by the proposed methods; a sensitivity analysis is performed by changing the values of some parameters and taking one parameter at a time, keeping remaining parameters at their original levels. This analysis is performed on numerical examples.

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