Get Down con forctop 11. Josh, the CEO of Strident Corp., has been invited to sit on the Board of Directors of ABC, Inc. What is Josh's relationship to ABC if he accepts? had a. He has no relationship b. He is an officer c. He is an inside director d. He is an outside director 12. In which of the following cases did an employee of a company make unauthorired withdrawals of money from his employer's account and continued to do so even when caught? ale to y la Sect a. Gurry y Board of Public Accountancy - b. Anastos y Sable C. Lyony. Morphew d. Kennedy y Goffstein Sno 13. A member of the board of directors has the right to: ages a. Participate in meetings, inspect books and be sued b. Participate in meetings, be sued, and be indemnified when sued c. Participate in meetings, be indemnified when sued and inspect books d. Be sued, be indemnified when sued, and inspect books 14. Leo wants to form a corporation. Which of the following documents is required to do so? a. Meeting minutes b. Articles of incorporation C. By-laws d. Power of attorney 15. Amazon and Google merged and the merger is a disaster. The combined new company lost 80% of value after the merger. Sarah, a shareholder in Google before the merger, sues the Google Board of Directors for agreeing to the merger. The Board's best defense is: a. Business judgment rule b. Duty of loyalty c. Fraud d. None of the above 16. ABC Corp. wants to dissolve. In order to do so in most states, it must get the approval of: a. The Board of Directors b. Shareholders c. Both a and b above d. Neither a nor b above