Some jurisdictions consider managers responsible if they exceed their authority

Question

Some jurisdictions consider managers responsible if they exceed their authority only if the violation results in negligent or intentional conduct. This duty is referred to as the: O duty of diligence. o duty of loyalty O duty of care. o duty of obedience. QUESTION 11 Which of the following theories intends to make management more responsive to shareholders by giving shareholders greater voting control and making it easier for them to take managers to court? O Governmental control O Special interest group control O Independent director control O Corporate democracy QUESTION 12 For most business decisions, the quorum, or minimum number of directors necessary to conduct business, is usually: o three-quarters of the total number of directors o two-thirds of the total number of directors. half the number of total directors. one more than half of the total number of directors.

Explanation / Answer

1. The correct option is d. Duty of obedience.

2. The correct option is b. Special interest group control.

3. The correct option is d. More than 1/2 of the total number of directors

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