Officers of a company have a duty to use "reasonable efforts" to make a profit for shareholders, but are rarely liable for losses suffered during their leadership

a. True
b. False
Indicate whether the statement is true or false


True

Business

You might also like to view...

Which of the following value creation processes means sharing the brand "good news" and inspiring others to use the brand?

A) staking B) badging C) evangelizing D) justifying E) milestoning

Business

What is channel power? Explain the various types of channel powers

What will be an ideal response?

Business

When promoting diversity, be sure to do all of the following, EXCEPT ______.

a. tailor opportunities to groups, not individuals b. treat group differences as important but not special c. follow all Equal Employment Opportunity laws d. make sure diverse employees have access to the same job training and other practices at work to have equal opportunities to advance

Business

An advantage of LTL shipping is that ______.

A. it costs less than FedEx or UPS B. the transit times are shorter than FTL C. it is particularly convenient for very large consignments D. it is very suitable for shipping liquids

Business