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Question
Which of the following statements best describes the business judgment rule?
a. Board members are expected to conduct themselves in a manner that could reasonably be seen as being in the best interests of the shareholders.
b. Board members are always expected to make good decisions.
c. The courts are expected to second guess decisions made by corporate boards.
d. Directors and managers are always expected to make good decisions.
e. Board decisions should be subject to constant scrutiny by the courts.
Answer
This answer is hidden. It contains 1 characters.
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