The business judgment rule is a rule that immunizes corporate
A. Management from liability for actions that result in corporate losses or damages if the actions are undertaken in good faith but are not within the power of the corporation or the authority of management to make.
B. Management from liability for actions that result in corporate losses or damages if the actions are undertaken in good faith and are within both the power of the corporation and the authority of management to make.
C. Shareholders from liability for actions that result in corporate losses or damages if the actions are undertaken in good faith and are within both the power of the corporation and the authority of shareholders to make.
D. Shareholders from liability for actions that result in corporate losses or damages if the actions are undertaken in good faith but are not within the power of the corporation or the authority of shareholders to make.
Answer: B. Management from liability for actions that result in corporate losses or damages if the actions are undertaken in good faith and are within both the power of the corporation and the authority of management to make.
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Which of the following statements about Executive Order 11246 is NOT true?
A. It is the origin of most affirmative action in corporations. B. It is a legal defense a company can use to fight a disparate impact charge. C. It is enforced by the Office of Federal Contract Compliance Programs. D. It requires all companies with federal contracts of $50,000 or more and 50 or more employees, to have a written affirmative action plan.
An effective MIS assesses information needs, develops needed information, and distributes the information to help managers with decision making
Indicate whether the statement is true or false