Application of the business judgment rule to a board's decision presumes all of the following except: ______
A) that the board's decision was profitable to the corporation
B) that the board acted on an informed basis
C) that the board acted in good faith
D) that the board believe it was acting in the best interest of the corporation
A
You might also like to view...
The distinguishing feature of purchase and media panels is that the respondents record specific behaviors as they occur
Indicate whether the statement is true or false
Which internal control activity is followed when inventory storage areas are secured with limited access?
A) Segregation of duties B) Physical security C) Independent verification D) Maintaining adequate documentation
Consumer Price Index is
a. a weighted aggregate price index where the weight for each item is its current-period quantity. b. a weighted aggregate price index where the weight for each item is its last-period quantity. c. an index that is designed to measure changes in quantities over time. d. an index that is designed to measure changes in production levels over time.
When making comparisons among internationally competing countries, which of the following indicators are used?
a. Standard of living and Investment b. Quality is the key to success c. Government infrastructure d. Ability to compete