quizzes and tests\ntotal points: -/150\nwhich of the following describes the duty of loyalty?\nit requires…

quizzes and tests\ntotal points: -/150\nwhich of the following describes the duty of loyalty?\nit requires managers to make decisions they reasonably believe to be in the best interest of the managers of the corporation.\nit prohibits managers from making a decision that benefits them at the expense of the corporation.\nit requires consideration of the interests of the surrounding community.\nit requires using care that an ordinarily prudent person would take in a similar situation.\nsomeone hired by a business to serve as its official presence in the state is called a/an:

quizzes and tests\ntotal points: -/150\nwhich of the following describes the duty of loyalty?\nit requires managers to make decisions they reasonably believe to be in the best interest of the managers of the corporation.\nit prohibits managers from making a decision that benefits them at the expense of the corporation.\nit requires consideration of the interests of the surrounding community.\nit requires using care that an ordinarily prudent person would take in a similar situation.\nsomeone hired by a business to serve as its official presence in the state is called a/an:

Answer

Brief Explanations:

The duty of loyalty in a corporate - context requires managers to act in the best interests of the corporation and not to make decisions that benefit themselves at the corporation's expense. The other options describe different fiduciary duties or considerations.

Answer:

It prohibits managers from making a decision that benefits them at the expense of the corporation.