Which of the Following Is True of the Business Judgment

question 55

Multiple Choice

Which of the following is true of the business judgment rule?

• A) The rule encourages the undertaking of high-risk, socially desirable endeavors.
• B) The rule holds directors liable to the corporation for honest mistakes of judgment.
• C) The rule makes officers liable to the corporation for honest mistakes of judgment.
• D) The rule operates based on the benefit of hindsight as an important factor.

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