what are the correct answers and why, got these 2 wrong

QUESTION 15 Mr. Smith is a member of the Board of Directors of ABC Pizza Corporation. A board resolution comes before ABC's board of directors to expand its menu to compete with XYZ Pizza Corporation. But, unknown to the other directors, Mr. Smith is also a director and shareholder of XYZ Pizza Corporation. What is Mr. Smith's responsibility in this situation? Select all that apply. a. a director must fully disclose to the Board any conflict of interest. b. Mr. Smith must abstain from voting on the board resolution c. most likely, Mr. Smith will have to resign from one of the Boards to resolve the conflict. da director cannot support another business that competes directly with a corporation on the board of which the director sits QUESTION 11 XYZ Corporation is a new business. It needs more capital to rin its operations. How can a Corporation raise additional capital? Select all that apply. a. issue shares of preferred stock or more shares of common stock b. obtain venture capital financing or private equity capital c. issue corporate bonds d. obtain loans from banks or commercial lenders, typically by borrowing against or pledging some of its assets