Question $25(1$ point$)$

The business judgment rule essentially provides

corporate directors and officers are never liable for corporate losses.

corporate directors of officers could be liable only if they engage in risky businesses.

courts will generally defer to the director's and officer's business judgment unless there is a lack of good faith, fraud, or an abuse of discretion.

$$ corporation directors and officers are liable if the corporation goes bankrupt.

Question $26(1$ point$)$

Unauthorized strikes are called wildcat strikes.

True

False

Ouestion $27(1$ point$)$