The principle that protects corporate directors from personal liability for acts performed in good faith on behalf of the corporation is known as the

A. Clean hands doctrine.
B. Full disclosure rule.
C. Responsible person doctrine.
D. Business judgment rule.

Answer: D. Business judgment rule.

Business

You might also like to view...

A crisis management plan should

A) define operational procedures and outline communication tasks and responsibilities. B) make provisions for concealing operational issues from the news media. C) avoid limitations on who is authorized to speak on behalf of the company. D) never include contact information for key executives and personnel. E) be built based on small business standards.

Business

Under ________, the market consists of many buyers and sellers who trade over a range of prices rather than a single market price

A) pure competition B) monopolistic competition C) oligopolistic competition D) a pure monopoly E) the dominant firm model

Business