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1. 2. Match the terms with the correct definitions Business Judgment Rule A. When a partner withdraws from the partnership Duty of Care B. Legal

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Match the terms with the correct definitions Business Judgment Rule A. When a partner withdraws from the partnership Duty of Care B. Legal obligation of directors to act in good faith in a manner reasonably Fiduciary Duty believed to be in the best interest of the corporation Dissociation c. The highest legal obligation to act in the best interest of the corporation D. When a partnership ends and winds up business Dissolution E. Protects officers and directors from personal liability for honest errors Match the term with the definition Publicly held A. Corporation whose shares are not available through a stock exchange Privately held B. Corporation whose shares have been sold through a stock exchange Closely held C. Corporation that is organized in the United States Domestic D. Corporation whose ownership is in the hands of only a few shareholders

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