Most States,as Well as the Revised Act,hold That the Test

question 44

Multiple Choice

Most states,as well as the Revised Act,hold that the test for the duty of diligence requires a director or officer to discharge corporate duties:

• A)in good faith.
• B)with a high degree of care.
• C)without a conflict of interest.
• D)through a named attorney or legal firm.
• E)All of the above.

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Definitions:

Narcissism

A psychological condition characterized by self-centeredness, a high need for admiration, and a lack of empathy for others.

Empathy

The capacity to understand and share the feelings or emotional states of another individual.

Materialism

The belief or attitude that physical possessions and wealth are of the highest importance in life.

Behavioral Genetics

The study of the role genetic factors play in influencing behaviors, personality, and psychological traits.