1:23 PM Thu Mar 31 X Chapter 30 Management of a Corporation Homework Questions: Attempt 1 @ statuary. Question 10 When directors vote on issues affecting the corporation, ordinary matters generally require (D a greater-than-majority vote. @ a majority vote. @ a unanimous vote. Ct) one vote. Question 11 Directors and ofcers may be liable for negligence in the performance of their duties. Question 12 A vacancy occurs on the board of directors of Data Storage Inc. How the vacancy is lled most likely depends on Data's 1:22 PM Thu Mar 31 X Chapter 30 Management of a Corporation Homework Questions: Attempt i Question 8 Kathy is a director of Line Production Inc, As a director, with respect to the corporation, Kathy is expected to subordinate (D her knowledge and training in the corporation's interest. @ her business judgment in the shareholders' interests. @ the corporation's welfare to her personal interests. (9 her personal interests to the corporation's welfare. Question 9 Olivia is a director of Property Managers Inc. As a director, with respect to the corporation, Olivia is (D an actuary. @ momentary. afiduciary. @ statuary. Question 10 1:22 PM Thu Mar 31 X Chapter 30 Management of a Corporation Homework Questions: Attempt 1 Question 3 When directors delegate a responsibility to a corporate ofcer, the duty of care related to that responsibility also goes to the ofcer and the director no longer has that burden. Question 4 It is the responsibility of the shareholders to hire or remove high level corporate ofcers, Question 5 In most states, an individual can hold only one corporate ofce Question6 ( ../4 ) 1:23 PM Thu Mar 31 X Chapter 30 Management of a Corporation Homework Questions: Attempt 1 Question 12 A vacancy occurs on the board of directors of Data Storage Inc. How the vacancy is lled most likely depends on Data's 6) articles of incorporation. @ board of directors. (9 recorded minutes. @ bylaws. Question 13 Most states dene a quorum as (D all of the directors authorized in the articles or bylaws. @ any odd number of directors. @ a majority of the number authorized in the articles or bylaws. G) two directors. Question 14 1:23 PM Thu Mar 31 X Chapter 30 Management of a Corporation Homework Questions: Attempt 1 Question 14 When directors delegate work to corporate officers, the directors are expected to oversee or supervise that work. Question 15 Kay and Leo form Metro Delivery Inc, Responsibility for all policymaking decisions necessary to the management of corporate affairs rests with Metro's high-level managers. shareholders. @ chief executive officer. @ board of directors. 1:22 PM Thu Mar 31 94% Ringer X Chapter 30 Management o ork Questions: Attempt 1 Question 1 -- /4 Sara and Tim form Urban Foods Inc. When it comes to managing Urban, the firm relies on 1 the officers. 2 the board of directors. 3 the officers and the directors. 4) the shareholders. Question 2 -- /4 Guy is a director of Healthcare Corporation. Guy attempts to use his best judgment in guiding corporate management but makes a few honest mistakes. He may be protected from liability for these mistakes by duty of disclosure. 2 the duty of loyalty. 3 business success insurance. 4 the business judgment rule. Question 3 -- /4 When directors delegate a responsibility to a cornorate officer. the duty of care related to that responsibility also goes to the officer and the director no longer has Save for Later Submit1:22 PM Thu Mar 31 X Chapter 30 Management of a Corporation Homework Questions: Attempt l 6) False Question 6 The board of directors hires the corporation's ofcers. Question 7 Rikki is a director of STEM Inc, As a director, with respect to the corporation, Rikki is expected to use (9 corporate funds for personal advantage. @ confidential information for personal advantage. @ prudent businessjudgment in the conduct of corporate affairs. (9 her salary as an investment in corporate stocks or bonds Question 8 Kathy is a director of Line Production Inc As a director, with respect to the corporation, Kathy is expected to subordinate