The Board of Directors Is Responsible for All of the Following

question 38

Multiple Choice

The board of directors is responsible for all of the following EXCEPT:

• A)declaring and paying a corporate dividend to shareholders.
• B)authorizing major new decisions such as a new plant or factory or entry into a new foreign market.
• C)determining employee compensation,especially bonus and incentive plans.
• D)appointing and removing corporate officers.
• E)electing new directors to replace directors who resign.

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Definitions:

Social Issue

Refers to problems that affect many people within a society, often requiring community action for resolution.

Ethical Dilemma

A situation in which a person faces a choice between two or more morally right or acceptable courses of action that are in conflict.

Ethical Principles

Fundamental guidelines that inform ethical decision-making and conduct in various fields.

Conflicting Principles

Circumstances where two or more fundamental rules or beliefs are at odds with each other, making a situation difficult to navigate.