Question

m (chapters 39,40,41,42)
question 1 (2.5 points)
the business judgment rule may apply to determine whether directors acted reasonably in resisting a takeover attempt.
true
false
question 2 (2.5 points)
the minimum number of members of a body of officials that must be present for business to be validly transacted is a quorum.
true
false
question 3 (2.5 points)
a publicly held corporation is any corporation whose shares are publicly traded in a securities market.
true
false
question 4 (2.5 points)
a corporation is not liable for the misconduct of its agents, officers, or employees.
true
false

Explanation:

Question 1

The business judgment rule protects directors' decisions (including resisting takeovers) if they act reasonably, in good faith, and with due care. So the statement is True.

A quorum is defined as the minimum number of members required for a body (like a board) to conduct valid business. So the statement matches the definition.

A publicly held corporation (or public company) is one whose shares are traded publicly in securities markets (e.g., stock exchanges). The statement aligns with this definition.

Answer:

A. True

Question 2