In Order to Take Advantage of the Business Judgment Rule,directors

question 50

True/False

In order to take advantage of the business judgment rule,directors must have made an informed decision and have no conflict of the interest with the corporation.

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Definitions:

Cultural Value Statements

Declarations that communicate the core principles and ethical standards that guide the behavior, decisions, and actions of an organization or community.

Diversity

The inclusion of individuals representing more than one national origin, color, religion, socioeconomic stratum, sexual orientation, etc., in a group or organization.

Creativity

The ability to produce original and valuable ideas.

Marketing Strategies

Plans developed by organizations to promote and sell their products or services to targeted audiences.