Which of the following describes the duty of loyalty?
A)It requires managers to make decisions they reasonably believe to be in the best interest of the corporation.
B)It prohibits managers from making a decision that benefits them at the expense of the corporation.
C)It requires consideration of the interests of the surrounding community.
D)It requires using care that an ordinarily prudent person would take in a similar situation.

Question

Quizplus · Accepted Answer

The duty of loyalty prohibits managers from making a decision that benefits them at the expense of the corporation. This means that managers must act solely in the best interests of the corporation, and not in their own self-interest.

Which of the Following Describes the Duty of Loyalty