c. Value of shares maximization d. Corporate allocation S. Th cobligarton ori co
ID: 1165680 • Letter: C
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c. Value of shares maximization d. Corporate allocation S. Th cobligarton ori col pat gai to manage the corporation for the best interest of the s recognized as the primary obligation of directors of a corporation. a. corporation b. officens c. employees d. community 6. The new forms of regulation without regard for feasibility or cost. Act illustrates that corporate conduct violating society's expectations can result in a. White-Rush Dow Jones Conciliatory b Dodd-Frank Wall Street Reform and Consumer Protection c. Corporate and Securities Reform and Retribution Consumer Protection d. Securities and Oversight 7. Which of the following plays the most significant role in instilling a sense of ethics throughout an organization? aThe CEO b. The human resources manager c. Each employee's immediate supervisor d. The employees themselves 8. According to the Delaware Supreme Court, when does the role of a director shift from being a "protector of the corporate bastion" to being an "auctioneer" charged with obtaining the highest realizable short-term value for the shareholders? Only when the breakup of the corporation or a change of control has become inevitable b. Whenever a yearly loss is reflected c. At the point that a yearly loss has been reflected for three straight years d. When the CEO and the board of directors are in disagreement, and there has also been a yearly loss reflected for three straight years 9. For purposes of diversity jurisdiction in federal court, which of the following is true regarding a person's citizenship? a. A person is a citizen of the state where that person has his or her legal residence or domicile, and there is no limit to the number of states in which a person may be a citizen so long as the person has a house in every state in which citizenship is claimed. and a person may be a citizen of only one state. and a person may be a citizen in a maximum of two states. automatically becomes subject to that state's laws. b. A person is a citizen of the state where that person has his or her legal residence or domicile, c. A person is a citizen of the state where that person has his or her legal residence or domicile, d. A person is considered a citizen of the state in which a lawsuit is brought because the person 10. legislature. are issued by administrative agencies to interpret and implement statutes enacted by a. RegulationsExplanation / Answer
5. a) Corporation
The primary obligation of Directors is to act in good faith, in the best interests of the company/corporation and for a proper purpose.
6. b) The Dodd-Frank Wall Street Reform and Consumer Protection
The Dodd-Frank Wall Street Reform and Consumer Protection is envisioned to cut various risks in the U.S. financial system while instituting a number of new government agencies whose task is to oversee several components of the act and by augmenting numerous features of the banking system.
7. a) The CEO
Chief Executive Officer is the most important figure directly responsible in creating and maintaining an ethical culture in an organization.CEO’s are eventually accountable for all day-to-day management decisions as well as for executing the Company's long and short term plans.
8. a) Only when the breakup of the corporation or a change of control has become inevitable
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