________ Refers to the Idea That Policy Will Be Developed

question 36

Multiple Choice

________ refers to the idea that policy will be developed that will maximize the output of government with a minimum commitment of resources.

• A) Systemic agenda
• B) Optimality
• C) Individual rationality
• D) Legitimation

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Definitions:

Fair Market Value

An estimate of the market value of a property, based on what a knowledgeable, willing, and unpressured buyer would likely pay to a knowledgeable, willing, and unpressured seller in the market.

Business Judgment Rule

A legal principle protecting corporate directors and officers from liability for decisions made in good faith and in the best interest of the company.

Derivative Action

A lawsuit brought by a corporation’s shareholder on behalf of the corporation against a third party, often an insider of the corporation.

Uncertificated

Referring to securities or stocks that are not represented by a physical certificate, existing only as electronic records.