Which Two of the Following Are Examples of Breaches of Fiduciary

question 104

Multiple Choice

Which two of the following are examples of breaches of fiduciary duty?

• A) The directors of the corporation, contrary to the request of the shareholders, refused to declare dividends.
• B) A director of a corporation, as director, learned of a good deal and took advantage of it for himself before the corporation had the opportunity to do so.
• C) A promoter of a corporation sold property to the corporation for three times what he paid for it after he made full disclosure of his interest to an independent board of directors, which voted for the purchase.
• D) A shareholder started a business that competed directly with the business.
• E) An employer charged his employees for parking after supplying it free for years.

Understand the role and impact of salespeople in consumer interactions.

Comprehend the importance of consumer traits and needs in sales.

Learn about the exchange theory and the value sought by customers in sales interactions.

Identify different strategies businesses use to maintain customer relationships and enhance purchase value.

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Definitions:

Credit

Credit is the ability to obtain goods or services before payment, based on the trust that payment will be made in the future.

Incidental Damages

Compensation for additional, unforeseen expenses incurred due to the breach of a contract or agreement.

Widgets

Generic term often used to refer to any product or manufactured item, especially an unspecified one.

Reload

refers to the act of replenishing or restoring something, often used in the context of software, ammunition, or web pages.