Which of the Following Is a Trend in Corporate Governance

question 9

Multiple Choice

Which of the following is a trend in corporate governance?

• A) Boards are getting less involved in shaping corporate strategy.
• B) Shareholders are demanding that directors and top managers own less stock in the company.
• C) Boards are establishing mandatory retirement ages for board members.
• D) Boards are getting larger.
• E) Boards are looking for fewer members with international experience.

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Definitions:

Property, Plant, and Equipment

Long-term assets owned by a business for use in production, manufacturing, or administrative functions, not intended for sale.

Standard Cost System

This system assigns predetermined costs to the manufacture of products and services, used for budgeting and controlling expenses.

Fixed Manufacturing Overhead Rate

A constant charge that represents the total fixed manufacturing overhead costs divided by the standard allocation base.

Variances

The difference between planned or expected financial outcomes and the actual results achieved, often analyzed in budgeting and cost control.