Which of the Following Statements Is True About the Board

question 57

Multiple Choice

Which of the following statements is true about the board of directors?

• A) The board members are directly elected by the employees of the company.
• B) The board has no legal authority to hire, fire, and compensate the CEO.
• C) Some of the board members hold positions on the boards of several companies.
• D) The board has no power to nominate people for positions in management.
• E) Divisional and functional managers usually form the board.

Learn the traditional family life cycle and its phases.

Differentiate between generalist practitioners and family therapy specialists.

Understand ethical considerations in soliciting personal information from clients.

Identify effective elements of sex education programs.

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Definitions:

Economies of Scale

The cost advantages that enterprises obtain due to size, output, or scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out over more units of output.

Expertise

Refers to the high level of knowledge or skill in a particular field or domain, acquired through training, experience, or study.

Shadow Organization

An informal organization within a business that is not officially recognized but significantly influences its operations.

Superior-Subordinate Relationships

The hierarchical interactions and dynamics between managers and their direct reports in an organizational structure.