The Board of Directors

Multiple Choice

The board of directors:

A) helps to establish control mechanisms and guide how the firm will respond to major changes in its environment.
B) should be involved even with the relatively minor variances between expected and actual results.
C) have a legal responsibility to ensure that top managements' best interests are served by the company.
D) is a group of individuals appointed by a firm's top management to supervise a firm's activities and its shareholders.