A Standard Determined in Terms of the Business Judgment of Reasonable

question 79

Multiple Choice

A standard determined in terms of the business judgment of reasonable persons familiar with the practices customary in the type of transaction involved and in terms of the facts and circumstances of the case is:

• A) good faith.
• B) a subjective standard.
• C) commercial reasonableness.
• D) business expertise.

---

Definitions:

Position

The specific role or job an individual holds within an organization, defining their duties and place in the hierarchy.

Disagreement

A situation in which there is a lack of consensus or divergence in opinions, beliefs, or perspectives among individuals or groups.

Accommodating Conflict-Handling Style

An approach to conflict that involves a high degree of cooperation and low degree of assertiveness, aiming to meet the needs of the other party.

Favorably Evaluated

Being assessed or judged in a positive manner based on certain criteria or standards.