Which of the Following Is Correct

question 91

Multiple Choice

Which of the following is correct?

• A) Management is under constant pressure from directors to produce pleasing financial results whatever it takes.
• B) Directors oversee the managers of the company and have the primary goal of ensuring that financial decisions benefit the management.
• C) Managers oversee the members of the Board of Directors.
• D) The stockholders elect the members of the board of directors.

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Definitions:

SONIA

Sterling Overnight Index Average, an interest rate benchmark that represents the average of interest rates paid on overnight unsecured loans in the British sterling market.

LIBOR

The London Interbank Offered Rate, an interest rate average calculated from estimates submitted by the leading banks in London, used as a reference rate for lending and borrowing between banks.

Tokyo Interbank Rate

A benchmark interest rate at which banks lend to each other in the Tokyo interbank market.

Euribor

The interest rate at which banks lend to each other in euros, serving as an important benchmark for various financial instruments in the Eurozone.