Lewis Is a Director of Mines & Refineries,Inc

question 41

Multiple Choice

Lewis is a director of Mines & Refineries,Inc.Using information that is not available to the public,Lewis makes a profit trading in Mines & Refineries stock.Lewis is most likely liable for breach of 

• A) ​the business judgment rule. 
• B) ​the business judgment rule
• C) ​no duty or rule 
• D) ​the duty of care.

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Definitions:

Chartered Professional

A designation given to qualified members of professional bodies that meet certain criterion of competence and ethics.

Human Resources Competency Framework

A structured system that outlines the key skills, behaviors, and attributes required by human resources professionals to effectively perform their roles.

Strategy

A comprehensive plan or set of actions designed to achieve specific goals and objectives, often developed by organizations to guide long-term decision-making.

Actual Costs

Expenses that have been incurred, as opposed to estimated or standard costs.