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The child hears the bell (which rings continuously) of an ice cream wagon, goes out to the street and buys ice cream, bites the ice cream, and salivates.The sound of the bell will become a(n) for going to the street to buy ice cream.
Business Judgment Rule
A legal principle that protects corporate directors and officers from liability for decisions made in good faith which they believed to be in the best interest of the company.
Duty of Diligence
The obligation of a person or entity to exercise reasonable care and attention in carrying out tasks and responsibilities.
Corporate Records
Official documents that corporations are legally required to maintain, including information on business activities, financial performance, and legal obligations.
Declared Dividend
A dividend that has been announced by a company's board of directors to be paid out to shareholders on a specified date.
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