Answer:
Food, Drug, and Cosmetic Act is the correct answer.
Explanation:
Answer:
they set up a committee to establish a procedure for making decisions that are in the best interests of the corporation.
Explanation:
The business judgment rule provides corporate officers and directors protection when they set up a committee to establish a procedure for making decisions that are in the best interests of the corporation.
Generally, the business judgment rule is a legal principle that primarily protect the board of directors from breach of fiduciary duty liability, in as much as the directors acted in good faith of the shareholders and ensuring a logical and well informed decision-making process.
The fiduciary duty liability of the corporate officers and directors of an organization to its shareholders are duty of loyalty, care, prudence, which implies, they'll always make the interest of the corporation and its shareholders a high level priority.
Hence, the business judgment rule is aimed at protecting and mitigating the risks faced by corporate officers and directors in the event of litigations because it is assumed that they're acting in the interest or favor of the corporation and its shareholders.
Answer:
Option (D) is correct.
Explanation:
Expected Revenue = 30 Customers × 4 hours each × $31 per hour.
= $3,720
Actual Revenue = 40 Customers × 3.5 hours each × $31 per hour.
= $4,340
Increased Revenue = $4,340 - $3,720
= $620
Therefore, Cali's revenues for the month were 620 more than expected.
Answer:
C-PRODUCE OR SUPPLY A VARIETY OF GOODS AND SERVICES
From the graphs presented for both the perfect competition and monopoly, the price for 5 purses in perfect competition is $30 and that in the monopoly is $50. The price is obviously lower in the perfect competition than in monopoly by $20. Thus, the answer would be letter C.
