Which of the Following Is an Incorrect Statement About Officers

question 8

Multiple Choice

Which of the following is an incorrect statement about officers?

• A) Their duties are generally set forth in the corporation's bylaws.
• B) They have a fiduciary obligation to the corporation.
• C) They are agents of the corporation.
• D) Their authority as agents is increased if they are shareholders.

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Definitions:

Subject

The person, place, thing, or idea that is doing or being something in a sentence.

Predicate

The part of a sentence or clause containing a verb and stating something about the subject (e.g., went home in 'John went home').

Advertising Campaign

A series of advertisement messages that share a single idea and theme which make up an integrated marketing communication.

Slogan

A memorable phrase or statement used in advertising or by political, commercial, or social groups to convey an objective or aim.