Amy Is on the Board of Directors of Computers Plus

question 16

Multiple Choice

Amy is on the board of directors of Computers Plus.Computers Plus is looking for a warehouse to purchase.Amy owns a warehouse.In order for Amy to sell her warehouse to Computers Plus,

• A)the transaction must be fair to both Amy and Computers Plus.
• B)the disinterested members of the board of directors must approve the transaction.
• C)she must resign her position on the board of directors of Computers Plus before any negotiations for the warehouse begin.
• D)a court must review the opportunity to determine its favorability.

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Definitions:

Intangibility

A characteristic of services that means they cannot be touched, seen, tasted, or held in a physical sense before they are purchased.

Leather Seats

High-quality, durable seating surfaces made from the hide of animals, notably used in automotive upholstery.

Trade Surplus

A situation where a country's exports exceed its imports in value over a certain period of time.

Gross Domestic Product

The total value of all goods and services produced within a country's borders over a specific time period, used as a measure of economic performance.