An Innovation Is Something That Is

question 21

Multiple Choice

An innovation is something that is

• A)new or different.
• B)expensive and flashy.
• C)sweet and sour.
• D)clean and pure.

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Definitions:

Business Judgment Rule

A legal doctrine that protects corporate executives' decisions when made in good faith and believed to be in the best interest of the company.

Corporate Opportunity

A legal doctrine that restricts leaders of a corporation from taking personal advantage of an opportunity that should belong to the corporation.

Safe Harbor

A provision in a law or regulation that provides protection from liability or penalty under specific situations or conditions.

Corporate Manager

An individual responsible for leading, directing, and overseeing the operations and strategy of a corporation.