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

Know strategies to create a blame-free environment conducive to learning and innovation.

Comprehend strategies for coping with the fear of failure in entrepreneurship.

Understand global perspectives on entrepreneurship, including perceived opportunities and fear of failure.

Understand the principles and mechanisms of acid-catalyzed hydration of alkenes.

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Definitions:

Organizational Learning

The process by which an organization acquires, develops, and transfers knowledge, skills, and behaviors through its people, enhancing its capabilities and effectiveness.

Divisional Learning

Learning that occurs within a specific division or department of an organization, focusing on knowledge and skills relevant to that division’s objectives.

Group Learning

An educational approach that involves participants learning together through collaboration, discussion, and shared activities to enhance understanding and knowledge.

Multilevel Systems Model

A framework that views an organization or system through multiple layers or levels, each interacting with and influencing one another.