Which of the Following Statements Is Incorrect Regarding Boards of Directors

question 11

Multiple Choice

Which of the following statements is incorrect regarding boards of directors?

• A) If a new venture organizes as a corporation, it is not legally required to have a board of directors, but it is strongly recommended.
• B) A board is typically made up of both inside and outside directors.
• C) The board is responsible for declaring dividends.
• D) Most boards meet formally three or four times a year.
• E) The boards for publicly-traded companies are required by law to have audit and compensation committees.

Understand the influence of personal ideology on stakeholder's policy preferences.

Distinguish between not-for-profit and for-profit agencies.

Understand the significance of using diagnostic criteria for program eligibility.

Learn about consumer-outcome criteria and its importance.

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Definitions:

Established Patterns

Regularities or routines in behavior or activities that are widely acknowledged and followed within a society.

Behavior

Actions or reactions of an organism, usually in relation to its environment, encompassing a wide range of activities and responses.

Cultivated Individual

A person who has been refined and educated through exposure to cultural and intellectual activities, often associated with sophistication and broad knowledge in arts and sciences.

Gustave Le Bon

A French social psychologist best known for his work "The Crowd: A Study of the Popular Mind," which analyzes the characteristics of human crowds.