The Board of Directors of an Organization Is Normally Responsible

question 55

True/False

The board of directors of an organization is normally responsible for day-to-day management and operations of the organization.

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Definitions:

Return on Equity

A measure of a company's profitability by revealing how much profit a company generates with the money shareholders have invested.

Return on Assets

A profitability ratio that indicates how efficiently a company is using its assets to generate earnings.

Return on Sales

A financial ratio that calculates how efficiently a company is generating profits from its revenue, typically expressed as a percentage of sales revenue that turns into net income.

Ending Cash Balance

The amount of cash on hand at the end of a financial period.