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After a thorough investigation that indicated a good possibility of success, the directors of DOT COM decided to expand their business into internet television. The

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After a thorough investigation that indicated a good possibility of success, the directors of DOT COM decided to expand their business into internet television. The expansion proved unsuccessful and DOT.COM lost $1.5 million on the venture. Which statement is correct? The directors will be personally liable for the loss because the loss is directly attributable to the expansion decision. The directors will be personally responsible for the loss because directors are responsible for making policy decisions The directors will not be personally liable for the loss because corporations have limited liability. The directors will not be personally liable for the loss because the expansion decision an honest mistake of judgment under the business judgment rule

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