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Strategic Planning Has Taken on New Importance in Today's World

question 148

True/False

Strategic planning has taken on new importance in today's world of globalization, deregulation, advancing technology, and changing demographics and lifestyles.


Definitions:

Business Judgment Rule

A principle of corporate governance that shields a corporation's board of directors from liability for decisions made in good faith, with due care, and in the best interests of the corporation.

Shareholder's Direct Suit

A legal action initiated directly by a shareholder against the corporation, typically for actions that have caused harm directly to the shareholder.

Right of Obedience

The obligation of a fiduciary or agent to act in accordance with the directives of the principal, provided these instructions are legal and ethical.

Preponderance of the Evidence

A standard of proof in civil cases, signifying that one side's argument is more likely true than not based on the evidence presented.

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