Discuss the business judgment rule
The business judgment rule precludes imposing liability on directors or officers for honest mistakes of judgment. To benefit from the business judgment rule, officers and directors must make an informed decision, in good faith, without any conflict of interests, and have a rational basis for believing it was in the corporation's best interests.
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The maker of the note is the one who is to pay the specified amount of money
Indicate whether the statement is true or false
Which of the following statements is a reason why some vendors and retailers chose not to adopt RFID tagging?
A. They are concerned about the environmental impact. B. They are concerned about the data storage falling into the wrong hands. C. They do not want to replace people with the devices. D. They are concerned about the potential health risk of radio frequency. E. They believe the additional costs do not benefit the return on investment.
In terms of commonly traded organizational currencies, sharing tasks that increase someone's skills and abilities and letting others have ownership and influence are examples of ________-related currencies.
A. Task B. Position C. Inspiration D. Relationship E. Personal
Martinez Products manufactures a line of desk chairs. Martinez's production operations are divided into two departments — Department 1 and Department 2. The company uses a process costing system. Martinez incurred the following costs during the year to produce 25,700 chairs:
If Martinez sells 22,600 chairs during the year, what will be the cost per chair produced? (Round your answer to two decimal places.)
A) $33.60
B) $38.21
C) $44.77
D) $50.91