B Corporations Have No Duty to Maximize Shareholder Value Even

question 53

True/False

B corporations have no duty to maximize shareholder value even when there is a change of control.

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Definitions:

Few Suppliers Approach

A market condition characterized by a small number of suppliers, often leading to less competition and potentially higher prices.

EDI

Electronic Data Interchange, a system that allows the transfer of data between different companies using networks or the Internet.

Capacity Utilization

The percentage of a facility's total production capacity that is currently being used to produce goods or services.

Motor Carrier

A company or individual engaged in the commercial transportation of goods by truck.