What Is Not Part of the Presumptions of the Business

question 27

Multiple Choice

What is not part of the presumptions of the business judgment rule concerning directors?

• A) that the decision they reached was profitable to the corporation
• B) that they acted on an informed basis
• C) that they acted in good faith
• D) that they acted in the honest belief that the action taken was in the best interest of the corporation

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Definitions:

Specific Phobia

An intense, irrational fear of, or aversion to, specific objects or situations that poses little to no actual danger.

Anxiety Disorder

A group of mental health disorders characterized by significant feelings of anxiety and fear, affecting daily living.

Phobia

an extreme or irrational fear of or aversion to something, significantly impacting an individual's ability to function normally in certain situations.

Psychodynamic Model

A psychological perspective that emphasizes unconscious processes and childhood experiences in shaping behaviors and personalities.