Martin Is a Newly Elected Director of the Alliance Corporation

question 23

Multiple Choice

Martin is a newly elected director of the Alliance Corporation.After being told of what would be expected of him,he is not sure he wants the position.However,upon investigating,he finds out that the only thing he will be liable for is

• A)employee wages if the corporation becomes insolvent.
• B)to attend all regularly scheduled board of director meetings.
• C)to exercise a high standard of care,diligence,and skill.
• D)to act with the professional standards of a director.
• E)to study items on the agenda before each director's meeting.

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Definitions:

Antiaromatic

Compounds that have a cyclic, planar arrangement of atoms with 4n electrons that destabilize the molecule.

Orbital

A mathematical formula that characterizes the wave-patterns of a single electron or an electron duo within an atom.

Aromatic

Refers to chemicals that contain benzene rings, or similar ring structures, which are stable and have distinctive smells.

Antiaromatic

A term describing cyclic compounds that are unstable due to conjugated pi electrons disrupting the molecule’s planarity or symmetry.