A) 029
B) 0

question 150

Multiple Choice

$$\text { Let } A \text { and } B \text { be events with } P ( A ) = 0.7 , P ( B ) = 0.3 \text {, and } P ( B \mid A ) = 0.2 \text {. Find } P ( A \text { and } B ) \text {. }$$

• A) 0.29
• B) 0.21
• C) 0.14
• D) 0.06

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Definitions:

Board of Directors

A group of individuals elected by shareholders to oversee the management and make key decisions for a corporation.

Derivative Suit

A lawsuit brought by a shareholder on behalf of a corporation against a third party, often an insider of the corporation, when the corporation fails to take action against the wrongdoer.

Ultra Vires

Acts performed beyond the scope of the legal power or authority granted to a person or corporation.

Apparent Authority

A situation in contract law where a reasonable person would understand that an agent had authority to act, even if the agent did not have actual authority from the principal.