The __________ Requires That Officers and Directors Not Take Personal

question 7

Multiple Choice

The __________ requires that officers and directors not take personal advantage of a desirable business investment that rightfully belongs to the corporation.

• A) right of first refusal
• B) corporate opportunity doctrine
• C) line of business test
• D) expectancy test

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Definitions:

Annual Report

A comprehensive report on a company's activities, financial performance, and strategy over the preceding year, primarily aimed at shareholders and stakeholders.

Human Service Organizations

Agencies or institutions that provide social services aimed at improving the well-being of individuals, families, and communities.

Organizational Capacity Building

The process of developing and strengthening the skills, instincts, abilities, processes, and resources that organizations and communities need to survive, adapt, and thrive in a fast-changing world.

Development

The process of growth, progress, or improvement in various contexts such as economic, social, personal, or technological areas.