Under Most State Statutes,a Corporation May

question 14

Multiple Choice

Under most state statutes,a corporation may

• A)include in its charter a provision indemnifying directors unless they have engaged in intentional misconduct or bad faith.
• B)include in its charter a provision indemnifying directors under any circumstances in the conduct of their duties for the corporation.
• C)not include in its charter a provision indemnifying directors who engage in negligent conduct of their duties.
• D)not include in its charter any provisions regarding indemnification of directors.

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Definitions:

Interval Data

A type of quantitative data in which the intervals between values are meaningful and consistent, but there is no true zero point, allowing for the measurement of difference and comparison.

Validity

The extent to which a test, measurement, or study accurately reflects or assesses the specific concept it is intended to measure.

Statistical Technique

A method or procedure applied in the analysis or interpretation of data, often used to test hypotheses or estimate properties of a population.

Garbage In / Garbage Out

A principle stating that poor quality input will result in poor quality output, particularly in the context of computers and software.