When the Corporation Has the Right to Sue Its Directors,officers,or

question 36

Multiple Choice

When the corporation has the right to sue its directors,officers,or third persons for damages caused by them to the corporation or for breach of contract,one (1) or more shareholders may bring such action if the corporation refuses to do so.This is known as a __________ action.

• A) primary
• B) derivative
• C) deferential
• D) preemptive

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Definitions:

Goal Setting

The process of identifying specific, measurable, achievable, relevant, and time-bound objectives to guide personal or organizational progress.

Idealized Leadership Model

A leadership approach where leaders are admired and respected by followers, often creating high levels of trust and setting strong examples of ethical and moral conduct.

Ethical

Pertaining to or dealing with morals or the principles of morality; pertaining to right and wrong in conduct.

Sensitive

Possessing or displaying a high degree of responsiveness and awareness towards the emotions, needs, or concerns of others, or being easily affected by certain stimuli.