Which principle requires that an organizations stakeholders act prudently in ensuring that the minimum safeguards are applied to the protection of corporate assets?

A.
Due protection

B.
Due process

C.
Due diligence

D.
Due care

Explanation:
Answer D is correct; due care provides a minimum standard of care that must be met. There are no explicit requirements that define what constitutes due care. Rather, due care require acting in accord with what a prudent person would consider reasonable.

Incorrect Answers and Explanations: A, B, and C: Answers A, B, and C are incorrect. Due protection is a made up phrase that has no legal standing. Due process is related to ensuring that defendants are treated fairly in legal proceedings with respect to their constitutional rights. Due diligence is the most closely related term to the correct answer, due care. However, due diligence has a focus on continually investigating business practices to ensure that due care is maintained.