What Is the Key Advantage of Involving Non- Executive Directors

question 23

Multiple Choice

What is the key advantage of involving non- executive directors in strategy development?

• A) They have no executive management responsibilities.
• B) They can offer an external and objective view.
• C) They have time to carefully study and analyse all the relevant documentation.
• D) They are accepted by the employees as being chief strategists.

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Definitions:

Permanent Incomes

Refers to the average annual income an individual expects over their lifetime, considering various stages of their career and life.

Standard Of Living

A level of material comfort as measured by the goods, services, and luxuries available to an individual, group, or nation.

Marginal Utility

The extra pleasure or benefit gained by consuming one more unit of a product or service.

Utilitarian

A normative ethical theory that posits the best action is the one that maximizes utility, generally defined as maximizing happiness and reducing suffering.