Why Do Most Large Companies Have Outside Directors on Their

question 67

Multiple Choice

Why do most large companies have outside directors on their boards?

• A)to meet federal government requirements
• B)to create globalization efforts
• C)to provide independent benchmarks
• D)to provide technology leadership
• E)to bring a fresh view to all of the corporation's activities

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Definitions:

Marketing Form

A type or method of marketing activity or strategy, characterized by its particular characteristics or tactics.

Single Firm

A business entity that is independently owned and operated, often characterized by a concentrated decision-making process.

Pure Monopoly

A market structure where a single supplier controls all production and sales of a particular product or service, with no close substitutes available.

Federal Government

The national government of a federated state, which holds the authority over the entire nation and its international affairs, distinct from state or local governments.