What is the definition of the business judgment rule?
What will be an ideal response?
The business judgment rule states that managers are not liable for decisions they make in good faith if (1) it is done without a conflict of interest; (2) it is done with the care that an ordinary prudent person would take in a similar situation; and (3) it is done in a manner they reasonably believe to be in the best interests of the corporation.
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For a deed to pass title from the grantor to the grantee, it must be recorded
Indicate whether the statement is true or false
The primary objective of managing waiting lines is ______.
a. to maximize customer satisfaction b. to minimize their total costs throughout any service or manufacturing facility c. to make people who are waiting feel that they are not really waiting for a long time d. to maximize throughput
A regulation is binding on each member state as to the result to be achieved and leaves to the national authorities the choice of form and methods
Indicate whether the statement is true or false
Stocks that are readily available to the general public and that are bought and sold on the open market are known as
A) initial public offerings. B) publicly traded issues. C) treasury stocks. D) blue chip stocks.