Which of the Following Is an Incorrect Statement About Directors

question 49

Multiple Choice

Which of the following is an incorrect statement about directors?

• A) Their eligibility requirements may be found in the bylaws.
• B) Bylaws may require that directors be shareholders in the corporation.
• C) The board of directors has authority to manage the corporation.
• D) Courts will interfere with the board's discretion when they disagree with its actions.

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Definitions:

Non-Hispanic White Americans

People living in the United States who consider themselves to be of white race and do not identify as Hispanic or Latino.

Diagnosed with Depression

The clinical identification of depression in an individual by a healthcare professional, based on specific criteria and symptoms.

Recurrent Episodes

Episodes of a condition or symptoms that happen repeatedly over time.

Lack Of Control Theory

A psychological concept suggesting that individuals who feel they have little control over their life circumstances are more likely to develop mental health issues.