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Discuss the process of modernization and its effect on societies.Be specific.
Duty of Loyalty
The legal obligation of fiduciaries to act in the best interests of their beneficiaries or the entity they serve.
Right of First Refusal
A contractual right that gives its holder the option to enter a business transaction with the owner of something, before the owner is entitled to enter into that transaction with a third party.
Watered Stock
Shares that are issued by a company at a value much greater than its actual assets, typically leading to an inflated market value.
Business Judgment Rule
A principle of corporate governance that shields a corporation's board of directors from liability for decisions made in good faith, with due care, and in the best interests of the corporation.
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