Under What Circumstances Does a DIRECT Interlocking Directorate Exist

question 97

Multiple Choice

Under what circumstances does a DIRECT interlocking directorate exist?

• A) when both management and the board establish corporate strategic management
• B) when a corporation's employees are included on its board
• C) occurs when two firms share a director or when an executive of one firm sits on the board of a second firm
• D) when all board members are also employed by the corporation
• E) when two corporations have directors who serve on the board of a third firm

Understand the concepts of tax efficiency, evasion, avoidance, and equity.

Acknowledge the significance of administrative burden and deadweight losses in a tax system.

Grasp the differences in revenue sources and spending priorities between federal and state/local governments.

Understand the fundamentals of tax generation and the types of taxes collected by state and local governments.