Which of the following is correct regarding the business judgment rule?
A) Directors and officers are not liable for honest mistakes of judgment.
B) Directors and officers have an obligation to exercise sound business judgment, and any
failure to do so results in a rebuttable presumption of negligence.
C) Directors and officers are never liable in suits filed against them by shareholders.
D) Directors and officers are liable for gross negligence, but not for ordinary negligence.
E) Directors and officers have an obligation to exercise sound business judgment, and any
failure to do so is per se negligence that results in liability to the corporation.
A
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Answer the following statements true (T) or false (F)
1. Deadlines can help one concentrate the mind, in order to make decisions rather than put them off. 2. In the planning/control cycle, part of the control process can be to improve future plans. 3. The planning/control cycle has three planning steps and three control steps. 4. In the planning/control cycle, comparing the results with the plan is one of the control steps.
A partner is not ordinarily entitled to salary or wages.
Answer the following statement true (T) or false (F)
The management of resources and processes to achieve measurable increases in both return on marketing investment and efficiency is known as ________
A) data analytics B) marketing accountability C) marketing metrics D) advertising measurement E) brand health
Determine the FCFS (first come, first served) sequence for the jobs listed in the following table. Assume that the jobs have arrived in the order listed in the table.
A. A-B-C-D-E
B. A-C-D-E-B
C. B-C-D-E-A
D. B-A-C-D-E