If the Corporate Directors Fail to Sue in the Corporate

question 6

True/False

If the corporate directors fail to sue in the corporate name to redress a wrong suffered by the corporation,then the shareholders can do nothing.

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Definitions:

Import Substitution

An economic policy aimed at reducing dependency on imported goods by encouraging the domestic production of these goods.

Capital-intensive Production

A production process that requires a higher proportion of capital, such as machinery and equipment, in comparison to labor, to produce goods and services.

School Attendance

The act of being present at an educational institution during scheduled classes or activities, often monitored for legal or policy requirements.

Microfinance

Financial services, including loans, savings, insurance, and training, provided to individuals or small businesses lacking access to traditional banking services.