Application of the Business Judgment Rule to a Board's Decision

question 29

Multiple Choice

Application of the business judgment rule to a board's decision presumes all of the following except: ______.

• A) that the board's decision was profitable to the corporation
• B) that the board acted on an informed basis
• C) that the board acted in good faith
• D) that the board believe it was acting in the best interest of the corporation

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Definitions:

DNA Synthesis

The process of constructing DNA molecules naturally or artificially through the enzyme-driven arrangement of nucleotides in a specific order.

Upstream

In genetics, refers to the sequences of DNA that are located before (5' to) the start of a gene, affecting its expression.

mRNA Sequence

A sequence of nucleotides in messenger RNA that specifies the order of amino acids in a protein.

Transcribed DNA Strand

The strand of DNA that serves as a template for RNA synthesis during the process of transcription.