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:

Poverty

The state of being extremely poor.

Interpersonal Conflict

A disagreement or clash between individuals arising from differences in attitudes, values, needs or expectations.

Firearms

Weapons that launch one or more projectiles at high velocity through the confined burning of a propellant.

Inexpensive

Not costing a lot of money; affordable or cheap.