Corporate Law Test
Preparation
Course Introduction
Corporate Law explores the legal framework governing the formation, operation, and dissolution of corporations. The course examines key topics such as corporate personality, the roles and duties of directors and officers, shareholder rights, corporate governance, and regulatory compliance. It also addresses issues related to mergers and acquisitions, fiduciary obligations, corporate finance, and the resolution of corporate disputes. Through the analysis of statutes, case law, and real-world scenarios, students gain a comprehensive understanding of the legal principles and practical challenges faced by corporations in todays dynamic business environment.
Recommended Textbook Essentials of the Legal Environment 4th Edition by Roger LeRoy Miller
Available Study Resources on Quizplus
25 Chapters
1489 Verified Questions
1489 Flashcards
Source URL: https://quizplus.com/study-set/3655
Page 2
Chapter 1: Business and Its Legal Environment3
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/72723
Sample Questions
Q1) In an action against Elin, Frank obtains a remedy.This is
A)an administrative agency's enforcement of its rule.
B)a principle of the law derived from earlier court cases.
C)a statute enacted by a state legislature or Congress.
D)the legal means to recover a right or to redress a wrong.
Answer: D
Q2) Under Ohio's state constitution, the Ohio Environmental Protection Agency issues a new rule, the Polk County Commission approves a new property tax measure, and the professors and students at Ohio Law School publish the results of their most recent legal research.Sources of law do not include
A)the measures approved by local governing bodies.
B)the results of legal scholars' research.
C)the rules issued by state administrative agencies.
D)the states' constitutions.
Answer: B
Q3) Courts can rely on the common law as a guide to interpreting legislation.
A)True
B)False
Answer: True
To view all questions and flashcards with answers, click on the resource link above.
Page 3
Chapter 2: Shifting Legal Priorites for Business:
Available Study Resources on Quizplus for this Chatper
12 Verified Questions
12 Flashcards
Source URL: https://quizplus.com/quiz/72722
Sample Questions
Q1) Devon, a senior at Central High School, participates in a social media forum on which he posts destructive, bullying lies about Beau, a fellow student.Beau's parent complains to Central officials.Under the First Amendment, Central can most likely
A)punish Devon for the posts.
B)transfer Beau to a different school.
C)require that all students' future posts be made on the school's public Web site.
D)post an official note calling Devon's posts "juvenile and silly."
Answer: A
Q2) Jennifer, a sophomore at West High School, posts suggestive-but not pornographic or obscene-photos of herself on Facebook.The images do not identify the school and require "friend" status to be viewed.Jennifer intends the photos to be humorous, and this is how her friends understand them.Under the First Amendment, West can most likely
A)suspend or otherwise punish Jennifer for posting the photos.
B)require that Jennifer remove the photos but not punish her.
C)require that Jennifer remove the photos and punish her.
D)not punish Jennifer or restrict her posts.
Answer: D
To view all questions and flashcards with answers, click on the resource link above. Page 4
Chapter 3: Courts and Alternative Dispute Resolution
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/72725
Sample Questions
Q1) Megan, a citizen of New Mexico, wants to file a suit against Terry, a citizen of Oklahoma.Their diversity of citizenship may be a basis for
A)any court to exercise in rem jurisdiction.
B)a federal district court to exercise original jurisdiction.
C)a U.S.court of appeals to exercise appellate jurisdiction.
D)the United States Supreme Court to issue a writ of certiorari.
Answer: B
Q2) Jo files a suit against Lara in a Missouri state court.Lara's only connection to Missouri is an ad on the Web originating in Nebraska.For Missouri to exercise jurisdiction, the issue is whether Lara, through her ad, has
A)a commercial cyber presence in Missouri.
B)conducted substantial business with Missouri residents.
C)general maximum contact with Missouri.
D)solicited virtual business in Missouri.
Answer: B
Q3) A lawsuit involving a federal question can originate in a federal court.
A)True
B)False
Answer: True
To view all questions and flashcards with answers, click on the resource link above.
Page 5
Chapter 4: Ethics and Business Decision Making
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/72727
Sample Questions
Q1) Julia, the head executive of Fine Woolen Sweaters, Inc., is a committed Christian who strongly adheres to the Ten Commandments.One of Julia's employees is found to be stealing sweaters and giving them to a local homeless shelter.Julia is likely to A)punish the employee for stealing even though the employee's motive was benevolent. B)view the employee's actions as justified because the employee was clothing the poor.
C)contribute more sweaters to the homeless shelter.
D)gently reprimand the employee without suggesting that the employee's actions were unethical.
Q2) Adhering strictly to all business laws is all that is necessary to fulfill all business ethics obligations.
A)True
B)False
Q3) Corporations can be good citizens by promoting goals that society deems worthwhile.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
6
Chapter 5: Constitutional Authority to Regulate Business
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/72729
Sample Questions
Q1) The Constitution sets out the authority and the limits of the branches of the government.The term checks and balances means that
A)Congress writes checks and the other branches balance the budget.
B)each branch has some power to limit the actions of the others.
C)the courts balance their authority to the other branches' checklists.
D)the president "checks" the courts, which "balance" the laws.
Q2) Reusable Energy Corporation regularly expresses opinions on political issues.Under the First Amendment, corporate political speech is A)discouraged.
B)forbidden.
C)protected.
D)required.
Q3) A restriction on commercial speech is valid as long as it forbids only the expression of views on controversial issues.
A)True
B)False
Q4) Substantive due process focuses on the substance of legislation.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 7
Chapter 6: Administrative Law
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/72731
Sample Questions
Q1) An agency must conduct a regulatory flexibility analysis whenever a new regulation will have an impact on a "small number of substantial entities."
A)True
B)False
Q2) Administrative agencies can conduct warrantless searches in some situations.
A)True
B)False
Q3) Congress leaves it to the Bureau of Prisons to oversee the promulgation of detailed regulations in areas under the agency's jurisdiction.This is
A)divine right.
B)the delegation of legislative powers.
C)gap-filling power.
D)unconstitutional conduct.
Q4) Rulemaking-the formulation of new administrative regulations-is a major function of Congress, not administrative agencies.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 8
Chapter 7: Torts and Product Liability
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/72732
Sample Questions
Q1) The public disclosure of private facts about a person is not an invasion of privacy if it is done without the person's knowledge or consent.
A)True
B)False
Q2) The extreme risk of an activity is a primary basis for imposing strict liability.
A)True
B)False
Q3) If no harm results from an allegedly negligent act, there is no liability.
A)True
B)False
Q4) If it can be shown that a trespass to personal property was warranted, a complete defense exists.
A)True
B)False
Q5) The purpose of tort law is to provide remedies when various protected interests have been invaded.
A)True B)False
To view all questions and flashcards with answers, click on the resource link above. Page 9
Chapter 8: Online Developments:
Available Study Resources on Quizplus for this Chatper
12 Verified Questions
12 Flashcards
Source URL: https://quizplus.com/quiz/72724
Sample Questions
Q1) Pepper files a petition with a court to change her name to "DrPepperDotCom." If the court denies the petition, it will most likely be because the name would
A)be so similar to a trademark that it would cause confusion.
B)persuade others to violate the law.
C)imply glamorization of a substance that is prohibited.
D)later need to "expand" to accommodate the needs of others.
Q2) Delfino, an executive with Cartwright Corporation, orders corporate employees to unknowingly transfer corporate funds to Delfino's personal account.This use of the employees' services is most likely
A)honest-services fraud, a federal crime.
B)a violation of corporate rules but no crime.
C)a breach of workplace rules generally but no civil or criminal wrong.
D)unethical but no crime.
To view all questions and flashcards with answers, click on the resource link above.
Chapter 9: Criminal Law and Cyber Crime
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/72733
Sample Questions
Q1) A person who commits larceny can be sued under tort law.
A)True
B)False
Q2) Under the exclusionary rule, all illegally obtained evidence must be excluded from any related criminal prosecution.
A)True
B)False
Q3) A bribe must consist of money to be a crime.
A)True
B)False
Q4) Ira signs Jill's name, without her authorization, on the back of a check made out to her.This is
A)burglary.
B)forgery.
C)larceny.
D)no crime.
Q5) Crimes occurring in a business context are popularly referred to as white-collar crime.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 11
Chapter 10: Intellectual Property and Internet Law
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/72734
Sample Questions
Q1) RockStar Software, Inc., develops a new series of performance-related video games.This software is most likely protected by A)copyright law.
B)patent law.
C)trademark law.
D)trade secrets law.
Q2) Munchies, Inc., features the trademarks of famous fast-food restaurants such as McDonald's on binders and other school supplies.Munchies's use of the marks is trademark dilution
A)only if consumers are likely to be confused.
B)only if the use is on goods that compete with the owners' goods.
C)if the use is unauthorized.
D)only if Munchies's attempts to register the marks.
Q3) A fanciful use of ordinary words may be trademarked.
A)True
B)False
Q4) A copy must be exactly the same as the original to infringe a copyright.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 12
Chapter 11: International Law in a Global Economy
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/72735
Sample Questions
Q1) Mountain Mining Company, a U.S.firm, owns property in Bolivia.The government of Bolivia seizes the property for an illegal purpose without paying just compensation.This is A)confiscation.
B)defalcation.
C)dumping.
D)expropriation.
Q2) The primary goal of the North American Free Trade Agreement is to eliminate tariffs among the United States, Canada, and Mexico.
A)True
B)False
Q3) Qang and other foreign citizens allege human rights violations committed overseas by the government of Burma on behalf of Railway Construction Company, a U.S.firm.To seek redress for their injuries in a U.S.court, these citizens can
A)allege antitrust injuries under the Sherman Act.
B)bring civil suits under the Alien Tort Claims Act.
C)file criminal complaints under Title VII of the Civil Rights Act.
D)do nothing.
To view all questions and flashcards with answers, click on the resource link above. Page 13
Chapter 12: Business Organizations
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/72736
Sample Questions
Q1) Fern and Gray want to form a limited partnership to manage two restaurants, Café Latte and Deli Delite.In most states, a limited partnership will come into existence when
A)a certificate of limited partnership is filed.
B)a partnership agreement is executed.
C)the business for which the firm is formed actually begins.
D)the partners make their capital contributions.
Q2) Kristal is a member of Laboratory CSI Services, LLC, a limited liability company.Kristal can participate in the firm's management
A)only to the extent that she assumes liability for the firm's debts.
B)only to the extent of her investment in the firm.
C)to any extent.
D)to no extent.
Q3) The minimum number of directors that must be present before a board can transact business is a quorum.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
14
Chapter 13: Beyond Our Borders:
Available Study Resources on Quizplus for this Chatper
12 Verified Questions
12 Flashcards
Source URL: https://quizplus.com/quiz/72726
Sample Questions
Q1) Roshini is a shareholder of Satsui, Ltd., a Japanese firm.Roshini brings a derivative action against the company.If the action is unsuccessful, Satsui
A)can sue Roshini for damages.
B)must pay Roshini's legal fees.
C)must apologize to Roshini.
D)must accept Roshini's apology in lieu of costs, fees, or damages.
Q2) Apex University (AU)offers classes online.AU asks each student enrolling online to agree to submit any dispute to arbitration and to indicate assent by clicking a box.AU claims that it is the cheapest undergraduate program in the United States.Beth enrolls in the program but later charges AU with fraud based on its "cheapest" claim.Beth could pursue her claim
A)in a court.
B)in an arbitration proceeding.
C)nowhere.
D)anywhere.
To view all questions and flashcards with answers, click on the resource link above. Page 15
Chapter 14: Formation of Traditional and E-Contracts
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/72737
Sample Questions
Q1) An implied contract is implied from the conduct of the parties.
A)True
B)False
Q2) Business Properties, Inc.(BPI), offers to sell a warehouse to Corporate Investments.Transport Storage Company is aware of the offer and is interested in buying the warehouse.This offer can be accepted by
A)only Corporate Investments.
B)only Corporate Investments or Transport Storage.
C)any party who is aware of it.
D)no one.
Q3) If a voidable contract is avoided, the parties to it are released from it.
A)True
B)False
Q4) The Uniform Electronic Transactions Act gives the same legal effect to electronic documents as is given to paper documents.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
16
Chapter 15: Contract Performance, Breach, and Remedies
Available Study Resources on Quizplus for this Chatper
71 Verified Questions
71 Flashcards
Source URL: https://quizplus.com/quiz/72738
Sample Questions
Q1) An incidental beneficiary cannot sue the promisor directly for breach of the contract. A)True
B)False
Q2) National Drilling Company ships its only pump to American Hydraulics Corporation, the manufacturer, for repair.National hires Overland Transport, Inc., to take the pump to American Hydraulics and to return it to National as soon as the repair is complete.National is forced to suspend operations without a pump, but Overland does not know this.National expects to be without the pump for five days and to lose profits of $5,000.When the pump is not returned by the end of the fifth day, National rents a pump at a cost of $100 per day.Overland delays five more days before returning the pump.National files a suit against Overland, asking for compensatory and consequential damages.Will National recover
Q3) Ralph contracts to sell his Double-R Ranch to Samantha on May 1.On April 20, Ralph tells Samantha that he will not go through with the deal.Samantha can recover A)the cost of any property that Samantha would find suitable.
B)the cost of a similar, nearby ranch.
C)the Double-R Ranch.
D)nothing.
To view all questions and flashcards with answers, click on the resource link above. Page 17
Chapter 16: Sales and Leases
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/72739
Sample Questions
Q1) Under the perfect tender rule, if tender is not perfect, the seller is obligated to try again.
A)True
B)False
Q2) If a contract specifies a certain carrier, a substitution of a different carrier for any reason breaches the contract.
A)True
B)False
Q3) If a buyer breaches a contract and the seller resells the goods to another party, the seller cannot hold the breaching buyer liable for any loss.
A)True
B)False
Q4) Puffery creates an express warranty.
A)True
B)False
Q5) Under the UCC, a firm offer for a sale or lease of goods made by a merchant can be revoked at any time before acceptance.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above. Page 18
Chapter 17: Creditors Rights and Bankruptcy
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/72740
Sample Questions
Q1) Ed is a debtor.Financial Loans, Inc., and the government are Ed's creditors.For these parties, a bankruptcy proceeding under Chapter 13 could be initiated by the filing of a petition by
A)Ed alone or by his creditors jointly.
B)Ed only.
C)Financial Loans only. D)the government only.
Q2) An artisan's lien is effective only if a creditor has possession of the property. A)True B)False
Q3) Refer to Fact Pattern 14-1.Other property Mary may own that may be exempt from satisfaction of judgment debts includes A)any property that Mary wishes to exempt.
B)investments that Mary has made in her family's businesses.
C)recreational vehicles that Mary uses on weekends.
D)tools that Mary uses in her trade.
Q4) Before filing for bankruptcy, a consumer-debtor must receive credit counseling. A)True B)False
To view all questions and flashcards with answers, click on the resource link above. Page 19
Chapter 18: Mortgages Foreclosures After the Recession
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/72741
Sample Questions
Q1) Reed borrows $150,000 from Suburban Credit Union to buy a home, which secures the loan.Three years later, Reed stops making payments on the loan.After Suburban Credit repossesses and auctions off the property to Tyler, equity remains.This amount most likely belongs to
A)Reed.
B)Suburban Credit Union.
C)Tyler.
D)the county in which the property is located.
Q2) Seymour borrows $350,000 from Reliable Bank to buy a home.Seymour stops making payments on the loan ten months later.After the bank repossesses the property securing the loan but before it is sold, Seymour wants to buy it.This is
A)a deficiency judgment.
B)a reverse mortgage.
C)a violation of the law.
D)the right of redemption.
Q3) Loan flipping occurs when a lender convinces a homeowner to refinance soon after obtaining a mortgage.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.
Page 20
Chapter 19: Employment, Immigration, and Labor Law
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/72742
Sample Questions
Q1) The Employee Polygraph Protection Act of 1988 prohibits most private employers from doing all of the following except
A)requiring or causing employees or job applicants to take lie-detector tests.
B)using, accepting, or referring to, or asking about the results of lie-detector tests taken by employees or applicants.
C)taking or threatening negative employment-related action against employees or applicants based on results of lie-detector tests.
D)using lie-detector tests to investigate losses due to theft.
Q2) There is federal regulation of employers' pension plans for employees.
A)True
B)False
Q3) Which of the following is not a common form of electronic surveillance of employees in the workplace
A)Reviewing employees' emails
B)Requiring employees to wear electronic location monitoring bracelets
C)Video-recording employee job performance
D)Recording and reviewing telephone conversations
To view all questions and flashcards with answers, click on the resource link above.
Chapter 20: Beyond Our Borders:
Available Study Resources on Quizplus for this Chatper
6 Verified Questions
6 Flashcards
Source URL: https://quizplus.com/quiz/72728
Sample Questions
Q1) Roboto Robotics Inc.creates an internal social media network using enterprise social networking software and systems.The advantages of an internal social media network include
A)obtaining real-time information about important issues.
B)mass e-mailings.
C)employees' posts of personal notes.
D)"white noise."
Q2) Women's groups contend that sexual harassment is viewed with "quiet tolerance" in corporations based in A)Asia.
B)Europe.
C)North America.
D)South America.
Q3) Belle is an employee of Capital Corporation, a U.S.firm.Dana is an employee of Esta, Ltd., a European firm.The problem of sexual harassment in the workplace is
A)confined to Europe alone.
B)confined to Europe and the United States.
C)confined to the United States alone.
D)worldwide.
To view all questions and flashcards with answers, click on the resource link above.
Page 22
Chapter 21: Employment Discrimination
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/72743
Sample Questions
Q1) Constructive discharge is a theory that plaintiffs can use to establish any type of discrimination claims under the Civil Rights Act of 1964.
A)True
B)False
Q2) Refer to Fact Pattern 17-2.To succeed with a claim against COC under the Americans with Disabilities Act, Beth will have to show that
A)Beth consistently met the essential requirements of her job.
B)COC refused to make reasonable accommodation for Beth.
C)Dian is unqualified for Beth's position.
D)the doors were installed as an act of intentional discrimination.
Q3) Melanie files an employment discrimination suit against Natural Gas Industries Corp.under Title VII on a disparate-impact theory.To succeed, Melanie must show that a protected group of people are adversely affected by any of the following except the employer's
A)practices.
B)procedures.
C)tests.
D)seniority system.
To view all questions and flashcards with answers, click on the resource link above.
Chapter 22: Environmental Law
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/72744
Sample Questions
Q1) Metal Smelting, Inc., operates a plant-a "major source"-that emits hazardous air pollutants for which the Environmental Protection Agency has set maximum levels of emission.The plant does not use any equipment to reduce its emissions.Under the Clean Air Act, this is most likely
A)a violation.
B)not a violation because a "major source" is exempt.
C)not a violation because the plant does not use any equipment.
D)not a violation because the plant is not a mobile source.
Q2) Pollution not from point sources, such as runoff from small farms, is subject to the same regulation as pollution from point sources.
A)True
B)False
Q3) Industry Processes Corporation generates solid waste considered hazardous.Industry labels and packages properly all waste to be transported to a disposal site.Under the Resource Conservation and Recovery Act, this is most likely
A)not a violation.
B)a violation because Industry generates solid waste.
C)a violation because the waste is transported off-site.
D)a violation because the waste is considered hazardous.
To view all questions and flashcards with answers, click on the resource link above.
Page 24
Chapter 23: Antitrust Law and Promoting Competition
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/72745
Sample Questions
Q1) Antitrust legislation was created because of the belief that competition leads to lower prices.
A)True
B)False
Q2) Refer to Fact Pattern 19-1.Cardio pays Emitate not to sell its product.This is
A)a customer restriction.
B)a joint venture.
C)an exclusive-dealing contract.
D)a price-fixing agreement.
Q3) A divestiture is an order to a company to cease, or divest itself of, its anticompetitive conduct.
A)True
B)False
Q4) A suit is filed against Adroit Drilling Tools Corporation, alleging that the firm committed the offense of monopolization.To determine whether Adroit has monopoly power requires looking at
A)the definition of monopoly in the Sherman Act.
B)Adroit's size alone.
C)Adroit's production methods and marketing techniques.
D)the relevant market.
25
To view all questions and flashcards with answers, click on the resource link above.
Chapter 24: Online Developments:
Available Study Resources on Quizplus for this Chatper
8 Verified Questions
8 Flashcards
Source URL: https://quizplus.com/quiz/72730
Sample Questions
Q1) DeLuxe, S.A., is a French company with offices and operations located throughout Europe.With respect to the direction and control of DeLuxe and other firms in continental Europe, the prevailing coordinated model of corporate governance gives priority to the interests of a corporation's
A)directors.
B)executive and financial officers.
C)shareholders.
D)stakeholders-employees, managers, suppliers, customers, and the community.
Q2) Penquin Ltd.agrees with Apple Corporation to use the "agency" model of setting prices and paying commissions on the sales of e-books for iPads.Under this model, publishers
A)set their own prices.
B)price e-books below cost to sell more e-book readers.
C)match Amazon.com's e-book prices.
D)agree to sell e-books exclusively through certain "agents."
To view all questions and flashcards with answers, click on the resource link above.
Chapter 25: Investor Protection, Insider Trading, Corp Gov
Available Study Resources on Quizplus for this Chatper
72 Verified Questions
72 Flashcards
Source URL: https://quizplus.com/quiz/72746
Sample Questions
Q1) RingTone Corporation is a public company whose securities are traded among investors.Under the Securities Act of 1933, a security is
A)almost any stake in the ownership or debt of a company.
B)an investment that is guaranteed to make a profit.
C)only such common forms of debt and equity as bonds and stocks.
D)whatever a company represents to the public as a security.
Q2) The key to liability under Section 10(b)of the Securities Exchange Act of 1934 and SEC Rule 10b-5 is whether undisclosed inside information is material.
A)True
B)False
Q3) Generally, stock offerings that involve a small dollar amount are exempt from the registration requirement.
A)True
B)False
Q4) Section 10(b)of the Securities Exchange Act of 1934 covers only corporate officers and directors.
A)True
B)False
To view all questions and flashcards with answers, click on the resource link above.