The business judgment rule states that a managers decision will stand as long as it was legal,

Question:

The business judgment rule states that a manager’s decision will stand as long as it was legal, was made with due care and in good faith, and was made in the best interests of the corporation. True/false

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Law With UCC Applications

ISBN: 9780073524955

13th Edition

Authors: Gordon Brown, Paul Sukys

See More Books

Question Posted: Jan 27, 2024 10:04 PM

See More Questions

The time box for a Daily Scrum is... Select the correct option(s) and click Submit. Two minutes per person. 15 minutes 2 hrs No time box 30 minutes
[On October 1, 1995, Disney hired as its president Michael S. Ovitz, who was a long-time friend of Disney Chairman and CEO Michael Eisner. At the time, Ovitz was an important talent broker in...
Arthur Modell, president, CEO, and a director of the Cleveland Browns Football Co., Inc., (Browns) owned 53 percent of that corporation. Other members of the board at that time included Pat Modell,...
Draw a UML Sequence Diagram for the process involved in paying a vendor for an item in cash. The process to follow is below. [15 points] a) Go to the bank b) Request your account balance c) The bank...
Light is incident on a diffraction grating with 8600 lines/cm, and the pattern is viewed on a screen 2.5m from the grating. The incident light beam consists of two wavelengths, 1 = 4.6 x 10-7 m and 2...
Why should public health and not-for-profi t organizations set priorities for programs?
18. How do nonreciprocal transfers differ from reciprocal transfers?
Affordable Lawn Care, Inc., provides lawn-mowing services to both commercial and residential customers. The company performs adjusting entries on a monthly basis, whereas closing entries are prepared...
1. Coronado Industries Equipment has actual sales of $800000 and a break-even point of $560000. How much is its margin of safety ratio? A. 43% B. 30% C. 70% D. 57%
The fairness rule states that a decision made by a manager will stand if it is fair to the corporation. True/false
A controlled company is one that has more than half its voting power concentrated in one pe r son, or a small group of persons, who always vote together. True/false
1. What are the implications of the Ledbetter case for the performance management system? 2. Explain Lilly Ledbetters reaction to learning she was being paid less than her coworkers based upon pay...
Your introduction needs to include the following. o Include a clear definition of unemployment and inflation and how and why they occur and rise in the economy. o Briefly provide your understanding...
Questions: 1. What strategies can be employed to foster a sense of inclusion and belonging within teams, and what are the potential benefits of doing so? 2. How can a team be successful? 3. What is...
Critical reflection involves closely examining events and experiences from different perspectives to inform future practice. In a few paragraphs, explain - Why educators should regularly reflect on...
What resources does the school or school district provide to teachers to promote diversity, equity, and inclusion? What are some of the strengths and shortcomings of the school's policies on...
Select FOUR companies listed on the UK Stock Exchange. Chose two companies from one industry sector and two other companies from another industry sector. By using the most recent three years'...
Roberto's employer offers a sliding paid vacation. When he started work, he was given three paid days of vacation. For each six-month period he stays at the job, his vacation is increased by two...
(a) Bright Sdn Bhd (BSB) is a tax resident manufacturing company in Johor, which involves in ceramic tiles. Currently, BSBs annual sales turnover has been forecasted to be around RM 300,000 for the...
The assets clients have entrusted to us are mostly invested for long-term goals such as retirement. As a fiduciary, BlackRock engages with companies to drive the sustainable, long-term growth that...
Businessmen who say that business is not concerned merely with profit but also with promoting desirable social ends, such as providing employment, eliminating discrimination, avoiding pollution and...
Prior to December 20, 1978, Basic Inc. was a publicly traded company primarily engaged in the business of manufacturing related to the steel industry. As early as 1965, Combustion Engineering, a...
An underlying asset price is at 100, its annual volatility is 25% and the risk free interest rate is 5%. A European call option has a strike of 85 and a maturity of 40 days. Its BlackScholes price is...
Prescott Football Manufacturing had the following operating results for 2 0 1 9 : sales = $ 3 0 , 8 2 4 ; cost of goods sold = $ 2 1 , 9 7 4 ; depreciation expense = $ 3 , 6 0 3 ; interest expense =...
On January 1, 2018, Brooks Corporation exchanged $1,259,000 fair-value consideration for all of the outstanding voting stock of Chandler, Inc. At the acquisition date, Chandler had a book value equal...

The business judgment rule states that a managers decision will stand as long as it was legal,

Question:

Step by Step Answer:

Business Law With UCC Applications

Students also viewed these Social Science questions