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Jason yells at a bank teller because of a mistake on his account.Observers are likely to think Jason is a rude,quarrelsome person.Jason,however,would probably attribute his angry outburst to the frustrating situation of waiting in line and dealing with a surly teller.This apparent contradiction illustrates:
Business Judgment Rule
A rule protecting business managers from liability for making bad decisions when they have acted prudently and in good faith.
Uninformed Decisions
Choices made without access to all necessary information, knowledge, or understanding, which can lead to adverse outcomes.
Conflicts Of Interest
Situations where an individual's or organization's personal interests could potentially influence or appear to influence their decisions in their official capacity.
Supermajority Vote
A requirement that a motion must receive significantly more than a simple majority of votes, often two-thirds or three-quarters, to be approved.
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