Shareholders May Bring a Suit on Behalf of the Corporation

question 8

Multiple Choice

Shareholders may bring a suit on behalf of the corporation against the board of directors.Such a suit is generally called a(n) _____ suit.

• A) class action
• B) derivative action
• C) shareholder action
• D) injunction

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Definitions:

Hugo Münsterberg

A German-American psychologist known for his pioneering work in applied psychology, particularly in the fields of industrial and organizational psychology.

Wilhelm Wundt

A German physiologist and philosopher, widely regarded as the father of experimental psychology.

Industrial Psychology

The scientific study of human behavior in the workplace and applies psychological theories and principles to organizations.

1964 Civil Rights Act

This landmark piece of legislation in the United States outlawed discrimination based on race, color, religion, sex, or national origin, significantly influencing the country's civil rights movement.