A Board of Directors' Three Formal Responsibilities Are to ________

question 73

Multiple Choice

A board of directors' three formal responsibilities are to ________.

• A) periodically update the firm's business plan, declare dividends, and write the firm's marketing plan
• B) appoint the officers of the firm, declare dividends, and oversee the affairs of the corporation
• C) write the firm's strategic plan, declare dividends, and conduct the annual meeting
• D) appoint the officers of the firm, conduct the annual meeting, and submit the firm's annual report to the Securities & Exchange Commission
• E) provide funding to the firm, write the firm's strategic plan, and submit the firm's annual report to the Securities & Exchange Commission

Grasp the implications of stockholder liability and its effects on market operations.

Appreciate the relevance of stock prices to corporate management and shareholders.

Describe the triple bottom line and its measures.

Acknowledge the differences in liability and ownership in various business organizations and the implications of these differences.

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Definitions:

Morphemes

are the smallest grammatical units in a language that have semantic meaning, such as roots, prefixes, and suffixes.

Mental Abilities

The capacity to perform cognitive tasks, solve problems, and learn from experiences.

Babbling

Early stage of language development where infants make sounds that resemble speech as they experiment with vocalization.

Schemes

Organized patterns of behavior or thought that individuals use to make sense of their experiences.