Which of the Following Statements About the Board of Directors

question 15

Multiple Choice

Which of the following statements about the Board of Directors is NOT true?

• A) Board members are elected by stockholders.
• B) The Board can be held legally accountable for a company's actions.
• C) The Board has the legal authority to hire, fire, and compensate the CEO.
• D) All the directors are full-time employees of the company.
• E) Outside directors help perform the monitoring function of the Board.

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Definitions:

Aggregate Planning

A process in operations management aimed at determining optimal production levels, inventory levels, and workforce levels, to meet predicted demand over a medium-term horizon.

Perishability Of Inventory

refers to the characteristic of goods that causes them to become unsellable after a certain period, requiring careful stock management to minimize losses.

Intangible Outputs

Results or benefits from a process, service, or product that cannot be physically touched or quantified easily, such as reputation or brand value.

Human Resource Requirements

The specific needs related to staffing, skills, and manpower necessary to complete a project or operate a business.