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vlada-n [284]
3 years ago
12

The business judgment rule has been replaced by good faith statutes in most states. True or False

Business
1 answer:
yan [13]3 years ago
5 0

Answer:

False

Explanation:

The business judgement law is the law principle that provides honest business decision made in good faith and on which no further investigations are actionable even the decision is mistaken or harmful.

The Business Judgement Rule States:

An officer who makes business judgement in good faith fulfills (the day of care) if he

  1. Is not interested in subject of his business judgement
  2. Is informed with subject of his business judgement to the extent (he) reasonably believes to be appropriate under the circumstances
  3. Rationally believes that his business judgement is in the best interest of the company

Moreover, none of the states has replaced it with good faith statues as it's the law for taking critical business decisions.

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Dual enrollment courses may be taught:
photoshop1234 [79]

Answer:

B

Explanation:

By high school teachers, professors from 2 year colleges, and professors from 4 year colleges

6 0
3 years ago
A hierarchical listing of what must be done in a project is called a: Multiple Choice work breakdown structure (WBS). PERT. plan
Semmy [17]

A hierarchical listing of what must be done in a project is called: work breakdown structure (WBS).

During the course of a project, a work breakdown structure is compiled that states the various stages in the course of the project. These stages are broken down into manageable bits.

Tasks and subtasks are included so that the engineers know where they are in the course of the project.

Learn more about work breakdown structure here:

brainly.com/question/6197566

7 0
2 years ago
KCE Corporation is currently operating at its target capital structure with market values of $140 million of equity and $155 mil
MariettaO [177]

Answer:

Option (a) is correct.

Explanation:

Given that,

Equity = 140 Millions

Debt = 155 Millions

Debt Equity Ratio = Debt ÷ Equity

                             = 155 Millions ÷ 140 Million

                              = 1.11

KCE is financing its new project with 25 Millions

Let the New debt issued by x   and the New equity financed be (25-x) .

Debt Equity Ratio = Debt ÷ Equity

1.11 = (155 + x) ÷ (140 + 25 - x)

1.11 = (155 + x) ÷ (165 - x)  

183.15 - 1.11x = 155 + x

28.15 = 2.11 x

x = 13.34

Option (a) is the most nearest to this answer.

New Debt = 155 + 13.34

                 = 168.34 Millions

New Equity = 140 + 11.66

                    = 151.66 Millions

5 0
4 years ago
On January 1, 2019, Ellen Greene Company makes the following acquisition.
KiRa [710]

Answer:

The interest expense should be recognized on the zero-interest-bearing promissory note is 22.000

Explanation:

Interest expense = (Fair value of the land * Interest rate)

Supposing a interest rate of 11% we get:

Interest expense = 200.000 * 11% = 22.000

7 0
3 years ago
The economic doctrine that opposes government interference in economic activities is called ___________.
Bezzdna [24]
The economic doctrine that opposes government interference in economic activities is called laissez-faire. 
3 0
4 years ago
Read 2 more answers
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