Multiple Choice
Which of the following statements is true about the board of directors?
A) The board members are directly elected by the employees of the company.
B) The board has no legal authority to hire, fire, and compensate the CEO.
C) Some of the board members hold positions on the boards of several companies.
D) The board has no power to nominate people for positions in management.
E) Divisional and functional managers usually form the board.
Correct Answer:
Verified
Correct Answer:
Verified
Q52: What is the best way for managers
Q53: To make sure that ethical issues are
Q54: Which of the following correctly describes the
Q55: Which of the following has been a
Q56: Strategic control systems are the primary governance
Q58: The internal research department of Libra Inc.
Q59: When managers of a firm seek to
Q60: Which of the following is a source
Q61: Explain the principles of agency theory, including
Q62: Which of the following are an example