Identify and State the Historical Significance of the Following

question 159

Short Answer

Identify and state the historical significance of the following:
-​Andy Warhol

Understand the legal implications of actions taken by members or managers in a member-managed LLC.

Recognize different shareholder voting rights and mechanisms within a corporation.

Identify the responsibilities and liabilities of corporate managers and directors under the duty of care, loyalty, and obedience.

Comprehend the impact of specific laws and trends on corporate listings and governance in the U.S.

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Definitions:

Polygraph

A device, also known as a lie detector, that measures and records several physiological indicators such as blood pressure, pulse, respiration, and skin conductivity while the subject is asked and answers a series of questions.

Galvanic Skin Response

Galvanic skin response is a physiological reaction that causes the conductivity of the skin to change in response to emotional arousal, stress, or stimulation.

Physiological Component

The aspect of something, such as an emotion or response, that involves bodily functions and reactions.

Cognitive Component

The aspect of attitudes and beliefs that involves the mental processing of knowledge, information, and belief systems.