The Revised Model Business Corporations Act States That a Director

question 82

Multiple Choice

The Revised Model Business Corporations Act states that a director is entitled to rely on information and reports provided or prepared by _ .

• A) a committee of directors of which the director is a part, if the committee merits confidence
• B) legal counsel or accountants in regard to matters that the director believes are within that professional's competence
• C) officers of a competing corporation who, the director reasonably believes, are reliable and competent
• D) employees of the Securities and Exchange Commission who are responsible for creating the proxy rules

Recognize the psychological and physical benefits of mindfulness meditation.

Explain the role of positive psychology in promoting human strengths and virtues.

Identify the impact of social and religious activities on health and lifespan.

Describe the effect of positive emotions and well-being on helping behavior and life satisfaction.

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Definitions:

Note Receivable

A written promise for a specified amount of money to be paid by a debtor at a certain future date.

Principal

The original sum of money borrowed in a loan or the initial amount of investment, excluding any interest or profits.

Interest

A payment made for the use of borrowed money, usually calculated as a percentage of the principal amount.

Note Receivable

A written promise for amounts to be received by a debtor, where the debtor agrees to pay back the amount, often with interest, by a specified date.