3/12/26, 9:17 AM MGMT 271 Final (Doucet)
MGMT 271 Final (Doucet) MOST RECENT EXAM ACTUAL
COMLETE REAL EXAM QUESTIONS AND CORRECT
ANSWERS (VERIFIED ANSWERS) ALREADY GRADED
A+ | GUARANTEED SUCCESS!!
Business Judgement Rule
-BOD presumed to make business decisions on informed basis, in good faith and
in best interest of company
Corporate Veil
-legal entity between shareholders and corporate creditors
Fraudulent Corporations (Piercing the veil)
-corporate form used dishonestly
-dummy corps, intentionally undercapitalize to avoid liability
Co-Minging (Piercing the veil)
-combine corporate money with shareholders ---(closely held corporations)
Mere-Instrumentality Rule (Piercing the veil)
-shell/dummy corporations
-don't fulfill corporate procedure (meetings, minutes)
-not recognized as separately existing
1/14
, 3/12/26, 9:17 AM MGMT 271 Final (Doucet)
Failure to Follow Corporate Formalities (Piercing the veil)
-no meetings or minutes
-personal use of corporate assets
Ultra Vires
-corporate action taken beyond scope of authority
-personally liable
Reasonable Relationship Test
-established by Dolan v. City of Tigard
-requirements as conditions to obtain building permit must be related in nature
and extent to proposed project's impact
Environmental Protection Agency (EPA)
-1970: research, set standards, monitor/enforce environmental regulations
-national environmental policy, clean air & water, solid-waste disposal standards
Sherman Antitrust Act, Section 1
-prohibits contracts, combinations, conspiracies restraining trade
Sherman Antitrust Act, Section 2
-prohibits monopolization
2/14
MGMT 271 Final (Doucet) MOST RECENT EXAM ACTUAL
COMLETE REAL EXAM QUESTIONS AND CORRECT
ANSWERS (VERIFIED ANSWERS) ALREADY GRADED
A+ | GUARANTEED SUCCESS!!
Business Judgement Rule
-BOD presumed to make business decisions on informed basis, in good faith and
in best interest of company
Corporate Veil
-legal entity between shareholders and corporate creditors
Fraudulent Corporations (Piercing the veil)
-corporate form used dishonestly
-dummy corps, intentionally undercapitalize to avoid liability
Co-Minging (Piercing the veil)
-combine corporate money with shareholders ---(closely held corporations)
Mere-Instrumentality Rule (Piercing the veil)
-shell/dummy corporations
-don't fulfill corporate procedure (meetings, minutes)
-not recognized as separately existing
1/14
, 3/12/26, 9:17 AM MGMT 271 Final (Doucet)
Failure to Follow Corporate Formalities (Piercing the veil)
-no meetings or minutes
-personal use of corporate assets
Ultra Vires
-corporate action taken beyond scope of authority
-personally liable
Reasonable Relationship Test
-established by Dolan v. City of Tigard
-requirements as conditions to obtain building permit must be related in nature
and extent to proposed project's impact
Environmental Protection Agency (EPA)
-1970: research, set standards, monitor/enforce environmental regulations
-national environmental policy, clean air & water, solid-waste disposal standards
Sherman Antitrust Act, Section 1
-prohibits contracts, combinations, conspiracies restraining trade
Sherman Antitrust Act, Section 2
-prohibits monopolization
2/14
