Please write a response applying the business judgment rule to this situation to protect Carlson

from personal liability to the WKRP Corporation for this incident. A complete response should do the following:Identify the requirements for the business judgment rule to applyApply the business judgment rule to this situationMake the best case the business judgment rule would applyMake the best case the business judgment rule would not applyGive your opinion on whether or not the rule should applyClearly support and explain your belief

n your text materials you have looked at the Business Judgment Rule, which generally protects corporate officers and directors from personal liability for company losses resulting from good faith errors of judgment. This concept is discussed at section $17-4$g of your text.Please consider the following scenario:Mr$.$ Carlson manages a radio station in Cincinnati, Ohio. His formal job title is President of WKRP Radio Corporation. Carlson is eager to take a more active role in the business and demonstrate to the shareholders his innovative management style.Carlson develops a promotional idea for the struggling radio station. He intends for the station to sponsor, organize and run a Thanksgiving Turkey give$-$away. The event is to take place at a local shopping mall a week before the holiday.He extensively researches the laws on promotional give$-$aways and any regulations that might apply. Carlson also commissions a market research study, which indicates this promotion should be received exceptionally well by its target audience.Rather than a boring give$-$away of frozen turkeys to customers standing in a line outside the mall, Carlson believes the more exciting course of action would involve giving away live birds via helicopter to the waiting crowd below. His sales director and yes$-$man Herb Tarlek is very enthusiastic as well, believing the promotion will set the station apart from its competitors. Carlson plans the promotion down to the last detail.The promotion draws a record crowd. Tragedy strikes when the turkeys are actually dropped. Sadly, the domesticated birds are too heavy to fly $($particularly from the altitude of the helicopter$).$ The result is catastrophic.