Which of the Following Is True of a Shareholder's Legal

question 47

Multiple Choice

Which of the following is true of a shareholder's legal duties.

• A)Shareholders typically have few legal duties,but minority shareholders can sometimes have fiduciary duties to the corporation and to majority shareholders
• B)Shareholders have a fiduciary duty to each other,but not to the corporation.
• C)No shareholders ever have any legal duties
• D)Shareholders typically have few legal duties,but majority shareholders can sometimes have fiduciary duties to the corporation and to minority shareholders
• E)All shareholders have a fiduciary duty not to compete with the company

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Definitions:

Flowcharts

A visual representation of a process or system, using symbols and arrows to depict the steps and flow of operations.

Communication Channels

The mediums through which information is transmitted from one entity to another, including verbal, non-verbal, written, and digital forms.

Organization Chart

A diagram that displays the structure of an organization and the relationships and relative ranks of its parts and positions/jobs.

Scatter Diagram

Chart that plots discrete data points, with one variable along the x (horizontal) axis and another along the y (vertical) axis.