There are no accountants on the board of the Oriole Corporation.The board routinely relies on a CPA to explain the financial situation of the corporation.The board does not do an independent analysis of the CPA's report,but acts with care and diligence.In these circumstances,the board is:
A) violating the duty of loyalty
B) violating the duty to exercise due care
C) violating the business judgment rule
D) violating the duty of obedience
E) not violating any duty
Correct Answer:
Verified
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