ABC Corporation Suffered Damages When a Supplier Failed to Deliver

question 55

Multiple Choice

ABC Corporation suffered damages when a supplier failed to deliver as agreed.The president of ABC did not institute suit as Garrett,a major shareholder,believed was proper.Garrett complained to the board of directors,but they refused to do anything.Which of the following is an option to Garrett with regard to a lawsuit against the supplier?

• A)A shareholder's derivative suit.
• B)A shareholder's direct suit.
• C)A consolidation suit.
• D)A shareholder's distributive suit.
• E)None of these because as a shareholder,Garrett has no right to pursue litigation.

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Definitions:

Corporate Culture

Describes the shared values, beliefs, and norms that affect the behavior and decision-making of an organization's members.

Upper Management

The highest level of management in an organization, which includes executives who are responsible for making the long-term strategic decisions.

Flexible Work Schedules

Work arrangements that allow employees to vary their arrival and departure times, and sometimes choose their working locations, to accommodate personal needs and improve work-life balance.

Team Building

The process of creating stronger and more cohesive working groups through various activities and initiatives.