A Duty That Directors and Officers Have Not to Act

question 69

Multiple Choice

A duty that directors and officers have not to act adversely to the interests of the corporation and to subordinate their personal interests to those of the corporation and its shareholders is known as ________.

• A) duty of care
• B) duty of loyalty
• C) duty of obedience
• D) self-dealing

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Definitions:

Project Management Institute

An international professional organization for project management professionals, offering certifications, resources, and advocacy.

Work Breakdown Structure

A hierarchical description of a project into more and more detailed components.

Project Management

The application of knowledge, skills, tools, and techniques to project activities to meet project requirements.

Quality Goals

Targets set to achieve a specific standard of quality in products or services, often aligned with customer expectations and regulatory requirements.