Which of the Following Tasks Is NOT the Responsibility of the Board

question 28

Multiple Choice

Which of the following tasks is NOT the responsibility of the board of directors?

• A)setting policies for the corporation
• B)authorizing the issuance of stock
• C)electing corporate officers
• D)managing the company's daily operations

Identify and describe the components of market segments.

Distinguish between strengths, weaknesses, opportunities, and threats in a SWOT analysis.

Recognize the importance of environmental scanning in identifying opportunities and threats.

Understand the process and significance of comparing a firm’s strengths and weaknesses to its competitors.

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Definitions:

Postconventional Morality

The stage of moral development characterized by an individual's reasoning based on personal principles of justice and rights.

Ethical Principles

Fundamental guidelines that influence moral decision making and conduct.

Preconventional Stage

The first level of Kohlberg's stages of moral development, where behavior is driven by the desire to avoid punishment and seek rewards.

Postconventional Morality

A stage of moral development in which individuals base their moral judgments on principles that transcend societal and legal rules.