Which One of the Following Statements Is TRUE

question 3

Multiple Choice

Which one of the following statements is TRUE?

• A) Companies with interlocking boards of directors have directors that serve on both boards.
• B) The more members of a board of directors, the better its function.
• C) A company has an interlocking board of directors if the CEO also serves as the chairman of the board of directors.
• D) A company whose board members are elected in staggered terms is said to be an interlocking board of directors.
• E) A shareholder-friendly charter will make it harder for a company to be acquired.

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Definitions:

Criminal

A person who has committed a crime or has been legally convicted of a crime.

Shoot The Messenger

A phrase describing the act of blaming the bearer of bad news for the news itself rather than addressing the source of the problem.

Health Care Benefits

Advantages or coverage provided by insurance or employers that contribute to the cost of medical care and services.

Major Reduction

A significant decrease or cutback in size, amount, or strength of something.