The Role of the Board of Directors in an Organization

question 24

Multiple Choice

The role of the board of directors in an organization is to:

• A) hire successful employees from competitors' firms to gain advantage in the market.
• B) encourage a monoculture among employees throughout the organization and create an ethnocentric internal work environment.
• C) hire employees based on intuition rather than using systematic selection techniques.
• D) monitor the actions of the top management team to ensure that stockholders' interests are protected.

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Definitions:

Population Standard Deviation

A measure of the dispersion or spread of a set of data points in a population dataset.

Confidence Interval

A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter with a certain level of confidence.

Population Mean

The average of all observations or scores in a population.

Confidence Level

The probability that a confidence interval will contain the true population parameter.