The ________ Protects the Decisions of a Board of Directors

question 20

Multiple Choice

The ________ protects the decisions of a board of directors that acts on an informed basis, in good faith, and in the honest belief that the action taken was in the best interests of the corporation and its shareholders.

• A) Williams Act
• B) antifraud provision of the Securities and Exchange Commission
• C) pro rata rule
• D) business judgment rule

Explain the role of diversity in the workplace and the importance of supporting it.

Describe the dimensions of national culture according to Geert Hofstede and their implications for organizations.

Understand the concept of locus of control and its effect on individuals’ perception of events in their lives.

Define and provide examples of Rokeach's categories of values.

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Definitions:

Business

The organized efforts and activities of individuals to produce and sell goods and services for profit.

External Force

Factors outside an organization that can affect its performance or operations, such as market trends, regulatory changes, or economic conditions.

Organizational Change

Organizational change involves the process through which companies modify major components of their operations, structures, or strategies to address internal or external opportunities or challenges.

Customer Feedback

Information coming directly from customers about the satisfaction or dissatisfaction they feel with a product or a service, often used for improvement and adjustments.