Under the , the Courts Generally Avoid Second-Guessing Corporate Executives

question 93

Multiple Choice

Under the , the courts generally avoid second-guessing corporate executives and let stand any business decisions made in good faith that are uninfluenced by personal considerations.

• A) business judgment rule
• B) corporate opportunity doctrine
• C) conflict of interest rule
• D) expense item rule

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Definitions:

Owners Care

The concern and attention to detail that business owners have towards their companies, employees, and customers.

Branding Message

The core theme or statement that represents a brand's values, mission, and identity to its target audience.

Compensation System

Compensation System is the structure and methodology an organization uses to pay its employees, including wages, salaries, bonuses, and benefits.

Seasonal Fluctuations

Variations in economic or business activity that occur as a result of seasonal changes, affecting industries such as tourism, agriculture, and retail.