A Sequence of Steps That Constitute a Well-Defined Business Activity

question 73

Multiple Choice

A sequence of steps that constitute a well-defined business activity is called a:

• A) transaction.
• B) transfixture.
• C) database.
• D) table.

Recognize legal considerations in regards to shareholder rights, including minority shareholder protections, squeeze-out tactics, and dividend distributions.

Identify the requirements for valid directors' meetings, including quorum and voting requirements.

Understand the fiduciary duties of loyalty and care owed by directors and officers to the corporation and its shareholders.

Grasp the legal frameworks surrounding corporate officers, including their appointment, agency principles, and qualifications.