Which of the Following Is NOT a Responsibility of the Board

question 8

Multiple Choice

Which of the following is NOT a responsibility of the board of directors?

• A) Monitor corporate strategy decisions and ensure that they are consistent with stockholder interests
• B) Apply sanctions on management when appropriate
• C) Hire, fire, and compensate the CEO
• D) Develop targets for divisional managers
• E) Make sure the audited financial statements present a true picture of the company's financial situation

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Definitions:

Preconventional Morality

The first level of Kohlberg's stages of moral development, where moral reasoning is based on external consequences or rewards.

Stealing

The act of taking someone else's property without permission or legal right and with the intent to deprive the rightful owner of it permanently.

Spank

A form of physical discipline involving striking the buttocks, typically with an open hand to correct or control behavior.

Postconventional Level

A stage in Kohlberg's theory of moral development where individuals make moral decisions based on universal ethical principles.