Which One of the Following Statements Is TRUE

question 21

Multiple Choice

Which one of the following statements is TRUE?

• A) If a company has a classified board, fewer board seats are filled each year.
• B) One tool of corporate governance is choosing a good investment banker.
• C) A classified board is one in which the board members serve anonymously.
• D) A classified board is one in which an announcement requesting applications for board members appears in the newspaper.
• E) In a classified board, it is easier for dissidents to gain representation since fewer seats are up for election each year.

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Definitions:

Fuel-Co Gas Stations

A fictional or generic name for a chain or brand of gasoline filling stations.

Unexpected Fee

A charge or cost that is not initially disclosed or anticipated by a consumer or client.

Individual Lawsuits

Legal actions taken by one individual against another or a company, separate from class action or collective lawsuits.

State Legislature

A governmental body within a state responsible for making and amending laws within that state.