Marjorie Is a Member of the Board of Directors of Techno

question 3

Multiple Choice

Marjorie is a member of the board of directors of Techno Ko Corp.She would like to have the corporation lend her some money so that she can begin another business venture.Which of the following is correct regarding loans of a corporation to one of its directors?

• A) The Model Act permits a corporation to lend money to its directors with a majority vote of the other directors.
• B) The Sarbanes-Oxley Act prohibits any publicly held corporation from making personal loans to its directors or executive officers,with certain limited exceptions.
• C) Both the Model Act and the Revised Act prohibit loans to directors in all cases.
• D) The Sarbanes-Oxley Act permits a publicly held corporation to make personal loans to its directors or executive officers only with the consent of the shareholders.

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Definitions:

Package

A container or wrapping in which products are sold, transported, or stored, also considered as part of the product's branding and marketing.

Situation Analysis

Taking stock of where the firm or product has been recently, where it is now, and where it is headed in terms of the organization’s marketing plans and the external forces and trends affecting it.

External Forces

Factors outside of an organization that affect its performance, including economic, political, social, and technological influences.

Marketing Plans

Structured outlines that detail strategies, tactics, targeted activities, and allocations of resources for achieving the marketing goals of a business.