The __________ Precludes Imposing Liability on Directors and Officers for Honest

question 54

Multiple Choice

The __________ precludes imposing liability on directors and officers for honest mistakes in judgment if they act with due care,in good faith,and in a manner reasonably believed to be in the best interests of the corporation.

• A)duty of diligence.
• B)duty of obedience.
• C)business judgment rule.
• D)None of the above.

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Definitions:

Bundle

A combination of goods or services that are sold together as a single package.

Constants

Values that do not change in mathematical equations or scientific experiments, serving as fixed references.

Indifference Curves

Graphical representations in economics that show combinations of two goods between which a consumer is indifferent, reflecting preferences and utility.

Bundle

In economics, a combination or collection of goods and services considered as a single entity for the purpose of analysis or transaction.