The Business Judgment Rule Doesn't Apply If

question 3

Multiple Choice

The business judgment rule doesn't apply if:

• A)the manager's decision amounted to self dealing.
• B)the shareholders approved the manager's decision.
• C)the charter expressly excludes it..
• D)the manager's decision was about the creation of treasury stock.

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Definitions:

Whaling Industry

The practice of hunting whales for their usable products like meat, oil, and blubber, which has historically played a significant economic role in some cultures.

Whale Meat

The flesh of whales used as food, which is a controversial subject due to conservation efforts.

Japan

An island country in East Asia known for its rich history, diverse culture, and advanced technology.

Lake Nipissing

A freshwater lake located in Ontario, Canada, known for its recreational fishing and role in local ecosystems.