The Board of Directors Usually Includes Some Individuals Who Are

question 89

Multiple Choice

The board of directors usually includes some individuals who are not employed by the corporation.These people are referred to as _____.

• A)priority directors
• B)outside directors
• C)stockholders
• D)members of top management

---

Definitions:

Alternative Value

Often refers to a different or non-standard value or outcome considered in decision-making or analysis.

Power

The ability of a statistical test to detect an effect if the effect actually exists.

Type II Error

The error that occurs when failing to reject a false null hypothesis, also known as a false negative.

Type I Error

occurs when a true null hypothesis is incorrectly rejected in a statistical test.