Which of the Following Is Considered an Absolute Power of Corporate

question 66

Multiple Choice

Which of the following is considered an absolute power of corporate directors?

• A) the adoption of resolutions
• B) the approval of transactions
• C) the inspection of the corporation's books and records
• D) the declaration of share stocks

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Definitions:

Nikita Khrushchev

A Soviet statesman who led the Soviet Union during part of the Cold War as the first secretary of the Communist Party and as chairman of the Council of Ministers.

Reign

The period during which a sovereign rules over a monarchy, characterized by the policies and the historical context of their governance.

Marshall Plan

A U.S.-initiated program providing massive financial aid to Western Europe after World War II to rebuild economies and prevent the spread of communism.

Communism

A political and economic ideology that advocates for a classless society in which all property is publicly owned, and each person works and is paid according to their abilities and needs.