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Which Statement Best Exemplifies the Standard of Care Expected of Directors

Question 1

Multiple Choice

Which statement best exemplifies the standard of care expected of directors?


A) The care,diligence,and skill that a reasonable shareholder would expect in comparable circumstances.
B) The care,diligence,and skill that the average person would exercise in comparable circumstances.
C) The care,diligence,and skill that a professional would exercise in comparable circumstances.
D) The care,diligence,and skill that a reasonably prudent person would exercise in comparable circumstances.

Correct Answer:

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