A standard determined in terms of the business judgment of reasonable persons familiar with the practices customary in the type of transaction involved and in terms of the facts and circumstances of the case is:
a. good faith.
b. a subjective standard.
c. commercial reasonableness.
d. None of these.
c
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If a job shop is heavily congested, then the input rate for a job shop should be?
a. Equal to the daily output rate b. Less than the daily output rate c. More than the daily output rate d. WIP and input rate are unrelated
Karen has spent ten years working as an administrative assistant to Mr. Smith. Which of the following basic selection criteria is being exemplified here?
a. knowledge b. discipline c. experience d. integrity
A stockholder-approved amendment to the certificate of incorporation may indemnify directors who: ______
A) acted in bad faith. B) acted negligently. C) breached their duty of loyalty. D) gained an improper personal benefit.