The main disadvantages of using a franchising strategy to pursue opportunities in foreign markets do not include?

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Answer 1

The main disadvantages of using a franchising strategy to pursue opportunities in foreign markets do not include maintaining quality control.

What is a franchising strategy?

An organization can use franchising as a strategy for commercial growth because it is based on a marketing notion. In cases where it is used, a franchisor grants a franchisee a license to use all or part of its intellectual property, operating methods, business model, brand, and rights to market and sell its branded goods and services. In exchange, the franchisee agrees to pay certain fees and adhere to specific requirements, usually outlined in a franchise agreement.

Both a noun and a (transitive) verb, "franchise" is of Anglo-French origin and comes from the word "franc," which means "free." Using a franchise system is for the franchisor an alternative to expanding through corporate-owned stores or "chain stores" for business growth. For the selling and distribution of goods and services, a franchise system business growth plan reduces the franchisor's capital investment and liability risk.

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according to the text, as the debt-to-income ratio increases, there is blank chance of a loan getting rejected by the bank.

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 A lesser as the debt-to-income ratio increases, there is blank chance of a loan getting rejected by the bank.

What is debt-to-income ratio ?

Divide all of your monthly debt payments by your gross monthly income to get your debt-to-income ratio (DTI). This figure is one method lenders assess your capacity to handle the regular payments necessary to pay back the money you intend to borrow.

Different lenders and loan types will have various DTI restrictions. You tally up all of your monthly debt payments and divide them by your gross monthly income to determine your DTI. The amount of money you make each month before taxes and other deductions is typically your gross monthly income.

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that the limited liability company may engage in any activity for which limited liability companies may be formed under this act.

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A limited liability company (LLC) is a sort of corporate structure used in the United States that protects its owners from being held personally accountable for the company's debts.

Legal entities known as limited liability firms combine elements of corporations, partnerships, and sole proprietorships. Even while the limited liability aspect is comparable to that of a corporation, the availability of flow-through taxes to the members of an LLC is a feature of a partnership rather than an LLC. State laws allows limited liability businesses, and each state has its own set of rules governing them. Owners of an LLC are its members.

An LLC must file articles of organization with the state in order to operate formally. Compared to a corporation, an LLC is easier to form up and provides investors with more flexibility and security.

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If the consumer price index (cpi) was 100 in 1984, then 1984 was the ________ year.

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If the consumer price index (CPI) was 100 in 1984, then 1984 was the Base year.

More about consumer price index:

A representative basket of products and services is used to calculate the Consumer Price Index, which tracks the overall change in consumer prices over time.

A consumer price index (CPI) measures the cost of a market basket of products and services for consumers that households purchase on average and are weighted. The measured CPI fluctuates to reflect changes in prices over time.

The CPI is the most commonly cited indicator of inflation, closely followed by other indicators utilised by policymakers, the financial sector, companies, and consumers.

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As women's wages have risen relative to men's wages, the opportunity cost to women of doing housework has ________ than has the opportunity cost to men

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As women's wages have risen relative to men's wages, the opportunity cost to women of doing housework has increase over has the chance cost to men.

Opportunity costs represent the potential benefits that a private, investor, or business misses out on when choosing one alternative over another. cost is that the forgone benefit that will are derived from an option not chosen. To properly evaluate opportunity costs, the prices and benefits of each option available must be considered and weighed against the others. Considering the worth of an opportunity costs can guide the individuals and organizations to be more profitable in decision-making. Cost could be a strictly internal cost which is used for strategic contemplation; it's not included in accounting profit and is excluded from external financial reporting.

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classical's products carry a one-year warranty against manufacturer’s defects. based on previous experience, warranty costs are expected to approximate 3% of sales. sales were $3.7 million (all credit) for 2024. actual warranty expenditures were $49,400 and were recorded as warranty expense when incurred.

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Ans. 72,900

warranty costs =3% of sales., sales= $3.7 million

(2.4million*5%) -47,100=72,900

What is manufacturer’s defects?

An unintended flaw in a product is referred to as a manufacturing defect in the context of products liability law. When a product deviates from its intended design and is riskier than people anticipate, there is a flaw of this kind. Life occasions Injury & accident law; product liability law.

The most frequent causes of production failures are carelessness and low-quality materials. The buyer is more at risk if an item is produced using cheap materials since it is more prone to malfunction.

There are three different kinds of product flaws: manufacturing flaws, design flaws, and flaws in the warnings or instructions. All three categories of flaws include a product that is flawed or lacking in some way.

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Managerial ethics is concerned with morality and _______ of business conduct among individuals

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Managerial ethics is concerned with morality and standards of business conduct among individuals. Managerial ethics is the acknowledged standard of societal norms and values, truth, and justice by the manager in decision-making. In the corporate world, moral principles and rules of behavior are applied.

Whereas ethics is the set of moral principles and regulations that guide a person's behavior. Management ethics emphasizes a fair compensation, appropriate working conditions, and an appealing reward system. It also focuses on client demands and seeks to meet them. As a result, it secures the company's long-term sustainability. The manager acts with integrity and sets a good example.

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how is accounting knowledge beneficial to different business majors? accounting knowledge helps . (check all that apply.)

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Accounting knowledge helps to determine supply chain alternatives, financial experts anticipate revenue, investment analysts evaluate the worth of various investment choices, in price setting by brand managers.

Accounting is essential in company because it allows you to track income and expenses, maintain statutory compliance, and offer quantitative financial information to investors, management, and the government for use in making business choices.The income statement is likely to be the most essential financial statement for the majority of consumers since it displays a company's potential to produce a profit. Furthermore, the information on the income statement is typically in reasonably current dollars and thus has a reasonable degree of accuracy.Because it conveys so much of the information required by owners, managers, and investors to assess a company's financial performance. Accounting's objective is to help stakeholders make better business decisions by providing financial information.

Thus this is the meaning of accounting.

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The actions of these companies in opposing legislation that could impact these companies is an example of a(n) _______ approach in response to legislative action, which is an environmental force.

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The moves of these organizations in opposing legislation that may want to have an impact on these corporations is an instance of a(n) deductive method in response to legislative action, which is an environmental force.

The deductive method includes beginning with a theory, creating hypotheses from that theory, and then gathering and analyzing records to take a look at these hypotheses. Inductive and deductive approaches to lookup can be employed collectively for a more whole understanding of the theme that a researcher is studying.

What is deductive method example?

It is when you take two actual statements, or premises, to form a conclusion. For example, A is equal to B. B is also equal to C. Given those two statements, you can conclude A is equal to C using deductive reasoning.

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Suppose that your bank pays you a 12 nnual interest rate, compounded continuously, on your investments. if you deposit $250 today, how much money will you have in exactly six years?

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$ 513.61 money will you have in exactly six years.

Future Value = Present Value × [tex]e^{(rate * time)}[/tex]

                    =250 × [tex]e^{(12*6)}[/tex]

                    = 250 × [tex]e^{0.72}[/tex]

                    = 250 × 2.054433211

                    = $ 513.61

Future Value is the price of a current asset at a destiny date primarily based on an assumed rate of growth. The future value is crucial to buyers and monetary planners, as they use it to estimate how an awful lot an investment made nowadays will be really worth within the future.

Gift cost is the sum of money that ought to be invested as a way to attain a selected future intention. Future Value is the greenback quantity so one can accrue over time whilst that sum is invested. The present price is the amount you have to invest if you want to recognize the future price.

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What+is+the+current+value+of+a+$1,000+bond+with+a+5%+annual+coupon+rate+(paid+annually)+that+matures+in+9+years+if+the+appropriate+discount+rate+is+7%

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The current value of bond is $ 869.66.

Par value =$ 1000

Coupon rate = 5%

Maturity = 9 years

YTM = 7 %

Price of bond = Interest × PAUF (YTM, n) + Maturity value × PUF (YTM, n)

= 1000 × 5% PAUF ( 7%, 9 years) + 1000 × PUF(7%, 9 years)

= 50 × PAUF ( 7%, 9 years) + 1000 × PUF(7%, 9 years)

= 50 × 6.5152 + 1000 × 0.5439

325.76 + 543.9

= $ 869.66

So, price of bond = $ 869.66.

Current value is a technique of accounting based on the value of replacing assets on the fees that would be paid now, instead of on the charges they had been at first sold for modern cost accounting can yield consequences which can be materially extraordinary from traditional accounting based totally on ancient fees.

The fair price of the stock is a subjective term calculated using the contemporary monetary statements, marketplace function, and feasible growth cost from a fixed of metrics. In comparison, the market fee is the cutting-edge percentage price at which the inventory or asset is traded.

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which of the following is an example of a capital input? group of answer choices a computer a share of stock an hour of a worker’s time $50,000

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computers are The following is an example of a capital input because it is the capital of the company and may be used whenever necessary; other alternatives include liquid assets or labor; nonetheless, a capital input is a computer.

Investment, or new investment, are other names for capital input. Instead of being used as loans or loan repayments, the additional funds are being assets invested in the company as equity.

These funds are also at stake. If the company succeeds, its value will increase; if it fails, its value will decrease. This is assets closely tied to the balance sheet table's paid-in capital input.

Paid-in capital is the sum of money that investors have actually written cheques to invest in the company. computers are The following is an example of a assets capital input because it is the capital of the company and may be used whenever necessary; other alternatives include liquid assets or labor; nonetheless, a capital input is a computer. Only when there is new investment does paid-in capital increase. Retained earnings are distinct from it.

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_____ lists each risk and assesses the likelihood that it could affect a project.

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Risk identification lists each risk and assesses the likelihood that it might affect a project.

Risks are uncertain conditions or events that may affect a project. Thus, it is a vital step to list all risks and assess their likelihood that might happen on the project. Risk identification is one such process that lists each potential risk and assesses the likelihood that those risks could affect the project.

Risk identification not only prepares for possible harmful risks but also helps to minimize their impact on the project before they occur, ultimately leading to project success. The steps involved in risk identification are:

List each risk Identify possible causes of their occurrence Assign the role to individuals to resolve risks in case they occur andAssess the likelihood of a potential affect that risks might have on the project

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which of the following is the primary criterion for the preparation of managerial accounting reports?

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The primary benchmark for producing managerial accounting reports is to meet the demands of the manager.

How does a management operate?

A manager guides and oversees workers in their organization. Planning, directing, and regulating resources to reach a strategic objective or finish a project are daily duties. They are also in charge of monitoring the output and caliber of staff projects. By paying attention to their requirements and assisting in dispute resolution, managers try to establish a safe workplace for their staff.

The term "managerial accounting" refers to a system of accounting that produces documentation, reports, and statements that aid management in making better judgments about the operation of their company. Internal uses make up the majority of managerial accounting.

You'll be on the right track if you follow these five suggestions for meeting your employees' requirements.

Be inclusive.Pay attention to employee feedback.Give meaning and guidance.Make Them Feel Appreciated.Establish the Proper Workspace

7 abilities for a management career in success

Interpersonal capabilitiesMotivation and dialogue.Delegation and organization.Strategic thinking and forward planning.Decision-making and problem-solving.commercial sensitivity.Mentoring.How can I improve my managerial abilities?

Financial accounting concentrates on an organization's external financial procedures, whereas managerial accounting concentrates on the internal financial processes of an organization. Managerial accountants concentrate on short-term growth plans for maintaining the economy.

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What is the annual mortgage payment of the following loan? principal $3,750,000 interest rate 4.75 mortization 20 years balloon payment $2,500,000 loan term 10 years

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The annual mortgage payment of the loan $3,750,000 is $5,924,646

and  $2,500,000 is $3,208,744.

An annual mortgage statement is an every-year statement that includes important information about a loan. This consists of quantities paid in the direction of the predominant, hobby, and escrow as well as the maximum current loan stability.

Principal Interest Rate Payment Schedule Term Type

calculation,

principal= $3,750,000

rate of interest = 4.75%

Annually 20 Even

4.75% of 3750000

= $17812.5

Results

$296,232.30 $2,174,646 $5,924,646

EACH PAYMENT TOTAL INTEREST TOTAL PAYMENT

This is an estimate of loan payments. The actual payment amounts may vary depending on the interest rate, closing date and other factors.

Parameters

Principal Interest Rate Payment Schedule Term Type

$2,500,000 4.75% Annually 10 Even

Results

$320,874.37 $708,744 $3,208,744

EACH PAYMENT TOTAL INTEREST TOTAL PAYMENT

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What name is given to the state that exists when decision makers have accurate and comprehensive information?

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The name that is given to the state that exists when decision makers have accurate and comprehensive information is: Certainty.

What is accurate information?

Accurate information can be defined as the information that are true or correct.

Information can tend to be certainty when the information are accurate, comprehensive and  sufficient making it possible for the decision makers to know the result or outcome of their actions.

Therefore the name that is given to the state that exists when decision makers have accurate and comprehensive information is: Certainty.

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given a real rate of interest of ​%, an expected inflation premium of ​%, and risk premiums for investments a and b of and ​respectively, find the​ following: a. the​ risk-free rate of​ return, b. the required returns for investments a and b

Answers

The interest rate is the amount a lender charges a borrower and is a percentage of the principal of the amount loaned. The interest rate on a loan is typically noted on an annual basis known as the annual percentage rate (APR).

Risk free rate = real rate + inflation premium

Risk free rate = 2% + 3%

Risk free rate = 5%

Part B:

The required return for A = Risk-free rate + Market risk premium

Required return for A = 5% + 4%

Required return for A = 9%

The required return for B = Risk-free rate + Market risk premium

Required return for B = 5% + 6%

Required return for B = 11%

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According to the american accounting association, auditing is a(n)___of objectively obtaining and evaluating evidence. (enter only one word per blank.)

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According to the American accounting association, auditing is a systematic process of objectively obtaining and evaluating evidence. The American Accounting Association (AAA) is a non-profit organization dedicated to accounting education, research, and practice.

Accounting education, research, and practice are all promoted by the American Accounting Association (AAA). The American Association of University Instructors in Accounting was founded in 1916, and its current name was chosen in 1936.

The Association is a non-profit organization comprised of individuals American engaged in accounting teaching and research. The council is made up of the most accountants in academics. Aside from academic work, the AAA is involved in information systems, artificial intelligence/expert systems.

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olivia manages an online store that sells musical instruments. she'll soon host a jazz event and wants to create awareness around it, especially within the community of jazz enthusiasts.

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I will advice that Olivia should choose an affinity audiences in order to achieve her marketing goal of creating awareness about hosting a jazz event, especially within the community of jazz enthusiasts.

What is the meaning of marketing?

Basically, a marketing refers refers those activities a company undertakes to promote the buying or selling of a product or service. It includes the use of  advertising, selling, and delivering products to consumers or other businesses; but some marketing are done by affiliates on behalf of a company.

The goal of marketing entails a specific and measurable objective that helps someone to meet the broader business goals. The goal can be anything from generating high-quality leads, raising brand awareness to increasing customer value and improving referral rate.

However, in this context, i will advice that Olivia should choose an affinity audiences in order to achieve her marketing goal of creating awareness about hosting a jazz event, especially within the community of jazz enthusiasts.

Missing word "Which targeting option should Olivia choose in order to achieve her marketing goal?

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for the following transactions, write the journal entry (in good form) that abc would record: on january 1, abc purchased $50 worth of supplies with cash. abc paid $4,000 cash for a 1-year rental contract on a storage unit. the storage unit will be used to hold the company’s equipment during the upcoming year.

Answers

A journal entries is an act of preserving or making data approximately any transactions both economic or non-monetary.

Transactions are indexed in an accounting mag that shows a commercial enterprise enterprise's debit and credit score rating balances. The magazine entry can embody severa recordings, each of which is both a debit or a credit score rating.

magazine access;

 debts title and rationalization                  Debit $          credit$

  substances account for                                       $50

                     cash.                                                                  $50                  

  (for purchase of components)

pay as you go rent                                                     $4000

    cash                                                                                    $4000

(for hire paid earlier)

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a broker had an agreement with a buyer to find a home for a flat fee of $5,000. the broker found a special home listed by another broker that the buyer liked and purchased. is the buyer's broker entitled to receive a commission from both the buyer and the seller? select one: a. yes, the brokers automatically split the commission b. yes, if disclosure was made to all parties in writing c. no, it is illegal to have a dual agency d. no, a seller can only legally pay the listing broker

Answers

The Right Response is No, as per the terms of the agreement between the parties, Broker Carr did not get the seller's and the buyer's prior written consent.

The act of real estate brokers and their agents representing a buyer in a real estate transaction as opposed to, by default, representing the seller either directly or as a subagent is known as buyer brokerage or buyer agency. The phrase used most frequently in the UK and Australia is buying agent.

What distinguishes a buyer from a broker?

Understanding the distinction between a buyer agent and a broker agent is crucial when purchasing or selling a house. While a broker agent works on behalf of the seller, a buyer agent represents the individual who is purchasing the home. You may locate the ideal house and get the finest deal with the aid of a buyer's agent.

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as a manager at barcelona, which of the following activities do you think you would be encouraged to do? check all that apply.

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As a manager at Barcelona, which of the following activities do you think you will be endorsed to do: encourage the chef to create new menu objects proposing seasonal elements.

The definition of a manager is a person accountable for supervising and motivating personnel and for guiding the progress of an agency. An instance a manager is someone who's in charge of customer service, who deals with client disputes, and who oversees and supervises customer support dealers.

A manager has to perform functions like planning, organizing, staffing, directing and controlling. a lot of these functions are essential for strolling a business enterprise easily and reaching organizational objectives. planning is needed for placing dreams and setting up techniques for coordinating sports. extraordinary managers are able to lead groups, help them grow, and preserve full manipulation over their enterprise and its overall performance at the same time. these are those who manipulate to continuously adapt to new conditions, encourage others to reach their complete capacity, and deliver their pleasant paintings, too.

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a series of equal cash flows that occur at the end of each of the equally spaced intervals (such as daily, monthly, quarterly, and so on).

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Discounting is a technique for calculating the present value of a future cash flow or series of future cash flows that will be received or paid.

A set of equal cash flows that happen at the conclusion of each evenly spaced interval is known as an ordinary annuity (Days, months, years).

The Time Value of Money theory contends that a cash flow's owner will value it differently depending on when it occurs.

yearly percentage a cost represented as a percentage of the amount borrowed or invested over a 12-month period that indicates the interest paid by borrowers or earned by lenders.

Future Value: The term used to describe how much a cash flow will amount to. Amortization Plan:

a schedule or table that lists major amounts. What exactly does Cash Flow mean?

The amount of cash that a business, organization, or person has can increase or decrease depending on their cash flow (CF). The term "time period" is used in finance to describe how much money (currency) is produced or consumed in a specific amount of time. There are various CF types with various important applications for managing a business and conducting financial analysis. All of them will be thoroughly explored in this manual.

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The u.s. interstate highway system is a good example of the benefits of __________.

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The u.s. interstate highway system is a good example of the benefits of the Interstate commerce clause.

A highway is a public road, a private road, or any other public road over land. Used for major roads, but also includes other public roads and public roads. It is used in some parts of the United States as the equivalent of access-controlled highways, or as a translation of highways, motorways, etc., formed by the soil from gutters thrown toward the center. And the other is that it comes from a principle of high importance, like Main Street.

Highways are usually the fastest route to travel between one city and another. Highways were originally built to connect cities and towns, and their wide widths and high-speed limits reduced travel time.

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a qualitative materiality is an amount set by the auditor that is less than planning the materiality and is used to make decisions about the extent of audit proedures for a particular class of transaction

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A performance materiality is a qualitative materiality is an amount set by the auditor that is less than planning the materiality and is used to make decisions about the extent of audit procedures for a particular class of transaction.

What is performance materiality?

In the context of trading and investments, a security's price movement over a certain time frame is deemed to have moved by a significant amount if it confirms or deviates from a trader's initial assessment of the security's performance.

Any number or statistic that is important enough to mention, such as in account balances, financial statements, shareholder reports, or conference calls, is referred to as a material amount. Mentioning something that is not a material amount is regarded as minor or inconsequential.

The material amount is the minimum amount that must change in a security to confirm or deny a market perception or trading hypothesis.

Predicting the material amount for a specific strategy can be essential for a trading system to be successful.

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matthew needed money for some unexpected expenses, so he borrowed $3,900.55 from a friend and agreed to repay the loan in four equal installments of $1,100 at the end of each year. the agreement is offering an implied interest rate of .

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In order to cover some unforeseen costs, Matthew borrowed $3,900.55 from a friend, promising to pay it back in four equal payments of $1,100 at the end of each year. The contract provides an implied interest rate of 5.00%.

The agreement is offering an implied interest rate of 5%.

3900 = 100

1100 X 4 = 4400

262.91 = X

(3900 x 100) /4400 = X

390000/4400 = X

5 = X

A percentage of the principal, or the equal payments amount loaned, is what a lender charges a borrower as interest rate. The annual percentage rate, or APR, is the usual unit used to express the interest rate on a loan (APR).

The amount earned from a savings account equal payments or certificate of deposit at a bank or credit union may also be subject to interest rates (CD). interest rate on these bank accounts is calculated as an annual percentage yield (APY).

The borrower is essentially charged interest for the usage of the asset. Cash, consumer goods, vehicles, and real estate are all examples of lent assets. As a result, an interest rate can be viewed as the "cost of money" because it increases the cost of borrowing the same amount of money.

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to receive foreign loans, countries must agree to reduce government spending and to privatize government programs in procedure(s) that is(are) called:

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To receive foreign loans, countries must agree to reduce government spending and privatize government programs in the procedure(s) that is(are) called a structural adjustment.

The political organization by means of which a state or country is dominated. The definition of government is the exercising of control or authority over a fixed of people. An instance of the presidency is the British Parliament.

Some of the special forms of government encompass direct democracy, representative democracy, socialism, communism, monarchy, oligarchy, and autocracy. help your students recognize the special styles of authorities with those schoolroom assets.

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precision craft, inc., makes tools. while using a precision tool to replace an electrical fixture, stan neglects to shut off the power and is electrocuted. stan’s heirs file a suit against precision. in a contributory negligence jurisdiction, the plaintiffs could recover

Answers

'Precision craft, inc., makes tools. while using a precision tool to replace an electrical fixture, stan neglects to shut off the power and is electrocuted. stan’s heirs file a suit against precision. In a contributory negligence jurisdiction, the plaintiffs could recover nothing.

It's far very common for someone to apply the phrase electrocution when they mean electric shock and vice versa. The reality is that the distinction between the 2 phrases is actually existence and loss of life.

Non-deadly electrocution is probably referred to as an electric shock. I think the severity and energy of the surprise have something to do with it. a person touching railway electricity lines will typically be said to have been electrocuted, although they do not die from the enjoyment.

Electrocution is death or extreme damage because of electric shock from electric-powered present-day passing through the frame. The phrase is derived from "electro" and "execution", but it's also used for accidental death.

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David is in charge of buying materials for a clothing manufacturer. He has a list of suppliers and uses a multiattribute matrix to conduct _____ to evaluate those suppliers.

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David is in charge of buying materials for a clothing manufacturer. He has a list of suppliers and uses a multiattribute matrix to conduct vendor analysis to evaluate those suppliers.

An approach that helps in choosing the finest vendors is vendor analysis. This is essential since a company's capacity to prosper might be seriously harmed by unreliable suppliers. Establish needs. Identifying your company's purchasing needs is the first stage in the vendor analysis process.

Vendor analysis initially establishes the strengths and limitations of each possible partner in order to identify the vendor who best fulfills their company's objectives. A vendor analysis is completed whenever a company wishes to find a new vendor or evaluate the performance of one of its present vendors.

Vendor analysts are responsible for examining the performance of suppliers who deliver goods or services to their firm. They could also be tasked with creating and implementing plans to make sure vendors follow rigorous regulations or meet specific requirements.

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further, the process of transformation, even if it brings revolutionary change, is likely to be a long one, absent some catastrophic and catalyzing event—like a new pearl harbor".

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The given statement "further, the process of transformation, even of........like a new pearl harbor" has been taken out from the  Project for the New American Century (PNAC).

What was Project for the New American Century?

PNAC stands for Project for the New American Century. It was  founded by William Kristol and Robert Kagan and established as a non-profit educational organization in 1997.

PNAC was a neoconservative think tank project that mainly focused on United States foreign policy.

Basically, PNAC project had very strong ties to the American Enterprise Institute.

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According to the corporate governance task force (cgtf), which phase in the ideal model and framework lays the groundwork for a successful improvement effort?

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According to the corporate governance task force (cgtf), Initiating phase in the ideal model and framework lays the groundwork for a successful improvement effort.

The project force suggests that the government and the SEBI as a market Regulator should concur within the corporate governance standards deemed desirable for listed companies to ensure true company governance. accurate company governance within the monetary services quarter is vital for a fair, strong, and efficient financial machine for all Australians. In August 2018 ASIC received investment to conduct focused evaluations into company governance practices of large listed entities to gain an insight on actual governance practices. corporate governance gives for preparing a code of behavior for an agency a good way to help the company in showcasing the commitment of the company to work ethically on the ethical stance and to maintains a good image in market both domestic and worldwide market. The board of directors must act following the 4 ideas of governance — duty, transparency, fairness and responsibility — for the best interest of stakeholders, shareholders and the business as a whole.

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