Consider the following questions on the roles of the directors of corporation

1. What are the duties of corporate directors and officers? 2. Directors are expected to use their best judgment in managing the corporation. What must directors do to avoid liability for honest mistakes of judgment and poor business decisions?Which of the following is not true regarding the role of the directors of a corporation? ODirectors owe the corporation a fiduciary. O Directors are elected by the shareholders. Directors are generally protected from liability by the corporation. O Directors are responsible for making the major decisions on behalf of the corporation. Directors are involved in the day to day operations of the corporation. Question 3 (1 point) In order to avoid a claim of self dealing, what must a director do to ensure the contract is enforceable? Select all that apply. Disclose the self dealing in writing Not participate in the vote on the contract Ensure the contract is fair and reasonable None of these options are correct.40) A change in the corporate charter making it more difficult for the firm to be acquired by increasing the percentage of shareholders that must approve a merger offer is called a: a. supermajority amendment. b. standstill agreement. C. greenmail provision. d. poison pill amendment. e. white knight provision.Question 4 (2 points) The ultimate goal of the incorporation process is issuance of a _.., a basic document of incorporation filed in the appropriate public office. deed of trust corporate veil doctrine of ultra vires corporate charter memorandom of associationA corporate charter specifies that the company may sell up to 25 million shares of stock. The company sells 17 million shares to Investors and later buys back 5.5 million shares, The number of authorized shares after these transactions are accounted for is' Multiple Choice O 17 million shares O 25 million shares O 12 million shares. O 20 million shares