Which of the Following Is NOT a Prime Consideration in Determining

question 41

Multiple Choice

Which of the following is NOT a prime consideration in determining whether a fiduciary has taken an opportunity that belongs to a corporation?

• A) Whether the opportunity is in the corporation's line of business
• B) The amount of money the fiduciary stands to make
• C) Whether the fiduciary developed the idea using corporation resources
• D) Whether the involvement by the fiduciary will hinder the corporation's purposes

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Definitions:

Form 10-K

The annual report that publicly traded companies must file with the SEC.

Securities & Exchange Commission

A U.S. government agency responsible for enforcing federal securities laws, regulating the securities industry, and overseeing the stock and options exchanges.

Publicly Traded Companies

Companies that have issued securities through an initial public offering and are traded on at least one stock exchange or in over-the-counter markets.

Audit Committee

A subset of a company's board of directors responsible for oversight of the financial reporting and disclosure process.