Which of the Following Is a Feature of the Outside

question 42

Multiple Choice

Which of the following is a feature of the outside directors of a corporation?

• A)They bring their skills and working knowledge of the firm's operations and strategies to the board.
• B)They do not have to worry about losing their jobs if they offer opinions that the firm's executives might not want to hear.
• C)They are usually the executives or managers of a firm.
• D)They ensure that a firm's strategy serves the financial interests of all stakeholders.

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Definitions:

Personal Liability

The state of being legally responsible for one's debts and obligations, potentially risking personal assets in litigation or debt repayment.

Legal Administrator

A professional responsible for managing the day-to-day operations of a law firm or legal department.

Billing Procedures

The specified methods and processes set by a business or organization on how charges, payments, and invoices are issued, tracked, and collected.

Office Procedures

Established methods and protocols for handling tasks and operations within an office environment to ensure efficiency and consistency.