The __________ precludes imposing liability on directors and officers for honest mistakes in judgment if they act with due care, in good faith, and in a manner reasonably believed to be in the best interests of the corporation
a. duty of diligence.
b. duty of obedience.
c. business judgment rule.
d. None of these is correct.
c
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Which of the following is not one of the four dimensions of corporate social responsibility?
A. social B. economic C. philanthropic D. ethical E. legal
Booth Industries has liabilities of $105 million and total assets of $350 million. Its debt ratio is 40.0%.
Answer the following statement true (T) or false (F)
Which of the following could be true of the proceedings under Chapter 11 of the Bankruptcy Code?
A. The debtor's assets are sold and its liabilities extinguished. B. The debtor continues as a business after the reorganization. C. The company does not operate during this period. D. They are always administered by the bankruptcy courts.
One of the ways an organizational model can be useful is ______.
A. it aids in helping to categorize activities or behavior B. it allows for excellent prediction of future behavior C. it simplifies organizational understanding D. none of these