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i. The normal curve falls off smoothly in either direction from the central value. Since it is asymptotic, the curve gets closer and closer to the X-axis, but never actually touches it. ii. The mean (µ) divides the normal curve into two identical halves.
iii. The number of different normal distributions is unlimited.
Corporate Duties
Responsibilities and obligations that members of a corporation, typically directors and officers, are required to follow in the interest of the corporation.
Business Judgment Rule
A legal principle that protects the decisions of corporate officers and directors when they act in good faith and with a reasonable basis in belief of acting in the best interest of the corporation.
Liability
A legal responsibility or obligation, typically involving financial compensation for loss or damage caused to another party.
Corporate Officer
An individual holding an executive position within a corporation, often vested with specific powers and responsibilities by the bylaws or board of directors.
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