The Revised Act and the Majority of States Hold That

question 17

Multiple Choice

The Revised Act and the majority of states hold that the officers' and directors' test of the duty of diligence requires a director or officer to discharge her duties:

• A) in good faith.
• B) with the care an ordinarily prudent person in a like position would exercise under similar circumstances.
• C) in a manner she reasonably believes to be in the best interests of the corporation.
• D) All of these.

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Definitions:

African-American Students

Individuals of African descent who are enrolled in educational institutions in the United States, often facing unique historical and socio-economic challenges.

Kitchen Debate

A series of informal conversations about capitalism and communism between U.S. Vice President Richard Nixon and Soviet Premier Nikita Khrushchev in 1959.

Significance

The quality of being worthy of attention; importance.

Soviet Intervention

Refers to the involvement by the Soviet Union in the internal politics of other countries, often to promote communist governance or prevent the spread of capitalism.