A Duty That Directors and Officers Have Not to Act

question 69

Multiple Choice

A duty that directors and officers have not to act adversely to the interests of the corporation and to subordinate their personal interests to those of the corporation and its shareholders is known as ________.

• A) duty of care
• B) duty of loyalty
• C) duty of obedience
• D) self-dealing

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Definitions:

Dominant Type

Refers to a personality style characterized by assertiveness, competitiveness, and a tendency to seek control over situations and others.

Social Interest

A concept in Adlerian psychology referring to an individual's attitude towards and concern for the welfare of others.

Inferiority

A feeling of being less than, inadequate, or not meeting the standards set by oneself or society.

Superiority

A sense or condition of being above or better than others, often manifesting in social, physical, or psychological domains.