A Director Appointed to Represent the Interests of a Particular

question 53

Multiple Choice

A director appointed to represent the interests of a particular group in the company, such as its employees, is called:

• A)A silent director.
• B)A nominee director.
• C)A proxy director.
• D)A shadow director.

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Definitions:

Sales Price

The amount for which something is sold or the price that a buyer pays for a product or service.

Carrying Cost

The total cost of holding inventory, including storage, insurance, and opportunity costs, among others.

Average Inventory

The mean value of inventory over a certain period, calculated to help businesses understand inventory levels and cost of goods sold.

Order Cost

The total expenses incurred in placing and receiving an order, including production, shipping, and handling fees.