Which of the Following Statements Is Not True Regarding the Usual

question 12

Multiple Choice

Which of the following statements is not true regarding the usual role and function of various types of directors of a company?

• A)A chief executive officer is the managing director of a company.
• B)An executive director is involved in the full time management of a company and is an employee of the company.
• C)A chief finance officer is a form of executive director who is part of the senior management of a company.
• D)Non-executive directors are directors who are not involved in the full time management of the company but are employees of the company.

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Definitions:

Market Economy

An economic system in which supply and demand guide the production and distribution of goods and services.

Imprisonment for Debt

The practice, now largely abolished, of jailing individuals who are unable to repay their debts.

Subsistence Farming

A type of agriculture where farmers focus on growing enough food to feed themselves and their families, with little or no surplus for trade.