Quick Supply House breached a contract with MegaCorp The breach resulted in the loss of a great deal of money to MegaCorp The board of directors for MegaCorp vote not to sue the supply house since it believes the legal costs would be more than it would probably recover. If a group of shareholders wish to sue the supply house, this would
a. be a type of direct lawsuit.
b. have to be a derivative lawsuit.
c. be a settlement lawsuit.
d. be an SEC lawsuit.
b
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Indicate whether the statement is true or false
What is the significance of the financial life cycle?
A) To help you to compare your situation with other people's situation B) To better understand how your financial needs will most likely change over time C) To allow you to be more proactive in dealing with expected changes in the future and take steps today to prepare for them D) To help you realize that your original plan is sufficient and doesn't need to change E) Both B and C are significant aspects of the financial life cycle.