Which of the Following Duties Is Not One of the Duties

question 1

Multiple Choice

Which of the following duties is not one of the duties owed by a director?

• A)A duty of care
• B)A duty to facilitate insolvent trading
• C)A duty to act for proper purposes
• D)A duty to disclose conflicts of interests

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Definitions:

Revenue Over Expenses

A financial metric indicating profitability, where income surpasses the costs incurred in generating it.

Shareholders

Individuals or entities that own shares in a corporation, making them co-owners of the business and entitling them to dividends and certain rights.

Treasury

The department within a government or corporation responsible for managing financial operations, including revenue, expenditure, and debt.

Core Mission

The fundamental purpose or goal that guides an organization, often reflected in its strategy and actions.