Lew Is a Director of Mines, Inc

question 34

Multiple Choice

Lew is a director of Mines, Inc. Using information that is not available to the public, he makes a profit trading in Mines securities. Lew is most likely liable for breach of

• A) ​none of the choices.
• B) ​the business judgment rule.
• C) ​the duty of loyalty.
• D) ​the duty of care.

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Definitions:

Wrong Purchase Decision

An incorrect decision made by consumers when buying a product or service, usually leading to regret or dissatisfaction.

Past Experience

Refers to the knowledge or skills gained from previous involvement or exposure to events.

Cognitive Search

The process by which individuals use their mental capabilities to actively seek out and process information relevant to their needs or inquiries.

Marketer-dominated Sources

Information or promotional content created and disseminated by marketers or brands, aimed at influencing consumer perceptions or behaviors.