Functional ______ Is Focusing on How Things Are Usually Used

question 32

Multiple Choice

Functional ______ is focusing on how things are usually used, while ignoring other potential uses.

• A) stubbornness
• B) fixedness
• C) fixation
• D) use

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Definitions:

Unocal Rule

A legal standard from a Delaware Supreme Court case that gives boards of directors a framework for resisting takeover bids.

Business Judgment Rule

A legal principle that shields corporate directors and officers from liability for decisions made in good faith but that ultimately resulted in loss or damage.

Takeover Bid

An offer made to acquire a controlling interest in a company, often against the wishes of its management.

General Agents

Representatives of insurance companies who have the authority to act on behalf of these companies in various transactions.