A Derivative Lawsuit Is Filed by the Directors on Behalf

question 19

True/False

A derivative lawsuit is filed by the directors on behalf of the corporation against third parties who have committed wrongful acts and/or breaches of contract.

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Definitions:

Scientific Management

A management theory that analyzes and synthesizes workflows, aiming to improve economic efficiency, especially labor productivity.

Efficiency

The ability to accomplish a job with a minimum expenditure of time and resources.

Humanistic Management

An approach to management focusing on the individual needs and potential of employees, promoting personal growth and a positive organizational culture.

HR

Stands for Human Resources, a department in organizations concerned with the management of people within the company, focusing on policies, systems, and practices.