Which of the Following Is NOT a Characteristic Behavior Illustrating

question 67

Multiple Choice

Which of the following is NOT a characteristic behavior illustrating the fiduciary duty of the board of directors?

• A)Safeguarding corporate assets
• B)Promoting shareholder interests
• C)Exercising care in carrying out their responsibilities
• D)Representing the interests of all stakeholders

---

Definitions:

Warranty Of Fitness

An assurance that a product will meet a buyer's specified purpose or needs, often implied in a sale unless specifically excluded.

Implied Warranty

A legally assumed guarantee that a product will meet certain quality and reliability standards.

Warranty Of Fitness

A guarantee provided by a seller that the goods or services sold will be appropriate and suitable for the specified purpose.

Express Warranty

A clearly stated guarantee provided by a seller regarding the condition or quality of a product.