Which of the following is FALSE concerning officers and directors of corporations?
A) They may be sued for negligent decision making.
B) They may purchase officers and directors insurance.
C) Officers and directors insurance is a type of liability insurance.
D) They do not need insurance because they have limited liability.
Correct Answer:
Verified
Q25: Robbery insurance covers financial loss resulting from
A)
Q26: Employee theft is covered by
A) workers' compensation.
B)
Q27: If inventory is damaged while being transported
Q28: If inventory is damaged while being transported
Q29: Losses resulting from employee lawsuits charging discrimination
Q31: If job contracts are not completed properly
Q32: If a landscaping company damages a home
Q33: If a customer slips on a wet
Q34: Suppose someone is injured using a lawn
Q35: If a company is temporarily closed, the
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