When an Organization Has a Diverse Set of Employees That

question 109

Multiple Choice

When an organization has a diverse set of employees that can provide insight and cultural sensitivity,this should improve the company's ability to understand different cultures and languages.The company may gain:

• A) cost advantages.
• B) a marketing edge.
• C) minority recruitment advantage.
• D) cultural diversity.
• E) a human resource advantage.

Recognize the mechanisms and requirements for electing directors and the significance of cumulative voting.

Understand the concept of quorum within the context of corporate governance.

Identify the legal protections provided to corporate directors and officers, such as the business judgment rule.

Grasp the processes and authorities involved in selecting and removing corporate officers.

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Definitions:

Fiduciary Duty

A legal obligation of one party to act in the best interest of another party, such as the duty a trustee has to beneficiaries.

Liability

Refers to the state of being legally responsible for something, such as a debt or obligation.

Agent

An individual or entity authorized to act on behalf of another, typically in a business or legal capacity, entering into agreements or making decisions.

Fiduciary Duties

Obligations one party has to act in the best interest of another party, such as a trustee towards a beneficiary.