Randy Is a Director of STEM Inc

question 129

Multiple Choice

Randy is a director of STEM Inc. As a director, with respect to the corporation, Randy is expected to use

• A)prudent business judgment.
• B)perfect business judgment.
• C)prolonged business judgment.
• D)pluperfect business judgment.

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Definitions:

Republic

A form of government in which power is held by the people and their elected representatives, and which has an elected or nominated president rather than a monarch.

Referendum

A direct vote by the electorate on a specific question, proposal, or issue, often used to make decisions on legislative amendments or policy changes.

Fiscal Year

A one-year period used for accounting and financial purposes, which may or may not align with the calendar year.

Founding Fathers

The group of leaders who laid the foundational governance structures of the United States and were instrumental in the drafting of key documents such as the Declaration of Independence and Constitution.