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In a classic experiment, two groups of rats explored a maze with the first group being rewarded with food at the end of the maze, while the second group wandered the maze but were unrewarded and showed no signs of learning. But later, when the "uneducated" rats were given food, they ran the maze as quickly as the rewarded group. The unrewarded animals had nevertheless learned their way around the maze because
Board of Directors
A group of individuals elected by the shareholders to oversee the activities and governance of a corporation.
Corporate Powers
Legal authorities and capacities granted to a corporation by law, including entering into contracts, owning assets, and issuing stock.
Businessperson
An individual actively involved in the business world, especially in activities related to operating, managing, or investing in businesses.
Contract
A legally enforceable agreement between two or more parties that creates mutual obligations.
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