Those Persons Legally Responsible for the Execution of Management of a Corporation

question 31

Multiple Choice

Those persons legally responsible for the execution of management of a corporation are

• A) directors.
• B) officers.
• C) shareholders.
• D) employees.
• E) incorporators.

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Definitions:

Unconscionable

A term describing actions or terms that are so unjust or overwhelmingly one-sided in favor of the party who has the superior bargaining power.

Express Warranty

An explicit guarantee by the seller about the condition or quality of a product.

Utilitarian Test

A principle in ethics that evaluates actions based on their outcomes, aiming for the greatest good for the greatest number.

Negligent

failing to take proper care in doing something, often resulting in harm or damage.