The corporate opportunity doctrine ________
A) prohibits corporate officers and directors from taking personal advantage of opportunities that, in all fairness, should be given to the corporation
B) requires corporate officers to allow other firms the opportunity to compete in the same market
C) prohibits corporate shareholders from taking personal advantage of opportunities that, in all fairness, should be given to the corporation
D) requires corporate officers to continually look for opportunities for the corporation to expand into new markets
A
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In the 1950s, the number of failures (of commercial banks and thrifts) per year averaged
A. near zero. B. about fifty. C. about 100. D. in the hundreds.
All of the following are important controls over credit memos except:
A. proper segregation of duties to ensure that sales discounts taken were earned. B. credit memos should be supported by a receiving document for returned goods. C. credit memos should be approved by someone other than whoever initiated it. D. proper segregation of duties between access to customer records and authorizing credit memos.
Explain what drugstores do to remain competitive in the marketplace.
What will be an ideal response?
Kentucky Fried Chicken introduced an offering, only available for a short time, of a hot dog wrapped in a bun made of fried chicken. This is an example of a(n)
A. attempt to generate positive reviews so that the customers do the talking. B. search for opinion leaders who will spread the word. C. referral program that gives customers an incentive to recommend. D. limited-time unusual product that gets people talking. E. All these answers are correct.