Question 63:

Question 64:

Question 65:

Question 66:

Question 6:

Question 8:

Question 9:

Question 74-77

63. Who among the following have the least decision-making authority in the management of a corporation's daily affairs? a. A company's director b. A company's employee c. A company's manager d. A company's stockholder 64. G&C Inc. has outstanding 10,000 shares with par value of ten dollars and Tiffany owns 5,000 of those shares. At the annual meeting, the shareholders decide to issue an additional 10,000 shares at par and to sell them to Sharon. Tiffany vehemently objects in order to protect dilution in this scenario. of her percentage of share ownership. Tiffany is exercising her a. cumulative voting rights b. preemptive rights c. abatement rights d. proxy rights 65. Directors all have duties of due care to the company, a. but are not liable for any sub-committee decisions. b.and cannot delegate decisions regarding dividends and mergers c.and are personally liable for criminal acts by managers whom they appoint d. but may delegate decisions to one or more directors and avoid liability 66. A corporation may effectively limit the liability of directors' duty of due care by a. Using corporate funds to buy directors liability insurance b. Using the derivative action rule c. Specifying in the articles of incorporation that directors will not be liable for willful negligence. d. a and b