Examlex
Which of the following statements is most correct?
Profit Made
The financial gain achieved when the amount earned from a business activity exceeds the expenses, costs, and taxes.
Board Of Directors
A group of individuals elected by shareholders to oversee the management and make key decisions for a corporation.
Derivative-Action Provision
A component in corporate governance that allows a shareholder to sue or take legal action on behalf of the corporation, often against directors or management for misconduct.
Corporate Opportunity
A business opportunity or prospect that a corporation's directors, officers, or employees might have a duty to offer to the corporation before pursuing independently.
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