________ Means That Management and the Board Have a Substantial

question 51

Multiple Choice

________ means that management and the board have a substantial range of discretion in deciding the extent of corporate social responsibility.

• A) The business judgment rule
• B) The duty of loyalty
• C) The duty of care
• D) Market capitalism

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Definitions:

Human Rights Tribunal

A specialized body that adjudicates complaints of discrimination and violations of human rights laws.

Vicarious Liability

Liability of an employer for injuries caused by employees while carrying out their employment duties.

"On a Frolic of His Own"

This phrase describes a situation where an employee undertakes actions that are substantially different from their employment duties, thus removing employer liability for those actions.

Mediation

A discussion between the parties to a dispute that is facilitated by a mediator in an effort to encourage and assist them in coming to an agreement.