Directors Are Under a ____ to Conduct Themselves on Behalf

question 149

Multiple Choice

Directors are under a ____ to conduct themselves on behalf of the corporation as a reasonably prudent person in the conduct of personal business affairs.

• A) duty of reasonability
• B) duty of care
• C) duty of management
• D) duty of morality
• E) duty of profit

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Definitions:

Meal Occasion

A specific time or event when food is consumed, often characterized by the type of food, the setting, and the company present.

Urban University

A higher education institution located in an urban area that integrates with the city environment.

Target Market Segments

Specific subsets of a market that a company aims to capture or serve with its products or services, based on shared characteristics or needs.

Competitive Position

A company's relative standing in its industry or market compared to its competitors, often influenced by its market share, product quality, and brand reputation.