For the business judgment rule to apply, the manager must?
A)?be trying to resolve a conflict of interest
B)?have exercised extraordinary care in resolving the situation.
C)?have acted in the best interests of the corporation.
D)?prove he or she was aware of the decision being made.
C
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Sales revenue is an inflow of assets
a. True b. False Indicate whether the statement is true or false
A retailer has a data base of past sales by size distribution. This data base is used as a guide in ordering decisions. The data base is an example of _____
a. external secondary data b. internal secondary data c. a survey d. primary data
All of the following are programs to insure fundamental risks EXCEPT
A) federally subsidized flood insurance. B) auto physical damage insurance. C) Social Security. D) unemployment insurance.
Who bears the greatest risk of loss of value if a firm should fail?
A) common stockholders B) preferred stockholders C) bondholders D) All of the above bear equal risk of loss.