A Person Who Is on the Board of a Bank

question 119

Multiple Choice

A person who is on the board of a bank also sits on the board of a computer manufacturing company that borrows money from that bank. This is an example of a(n) _______________ .

• A) interlocking corporate directorate
• B) professional conglomeration
• C) shared directorate
• D) oligopoly director

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Definitions:

Boundaryless Career

A modern approach to career development that emphasizes flexibility, mobility, and the ability to cross traditional job boundaries or sectors.

Peter Principle

The concept that employees within an organization tend to rise to their level of incompetence, promoting based on past performance rather than suitability for the new role.

Promoted Regularly

Refers to a consistent and systematic approach to moving employees to higher positions or ranks within an organization.

Natural Selection

A process in biology by which organisms with traits better suited to their environment are more likely to survive and reproduce.