Which of the Following Is True About the Board of Directors

question 30

Multiple Choice

Which of the following is true about the board of directors of a corporation?

• A) They represent the stockholders in managing the company.
• B) They direct the day-to-day operations of the business.
• C) They elect to form the executive committee.
• D) They have a controlling interest in the corporation.

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Definitions:

Majority

The greater part or number; the number greater than half the total.

Self-Confidence

An individual's belief in their own abilities, capacities, and worth, which influences their actions and attitudes.

Social Loafing

The circumstances in which persons engaged in a group task demonstrate lower efforts in goal accomplishment than in solitary work conditions.

Personal Accountability

The responsibility of individuals for their actions and decisions, acknowledging their consequences.