The Appointment of an Audit Committee Is an Example of Internal

question 2

True/False

The appointment of an audit committee is an example of internal corporate governance, whereas the ability of one company to take over another is an example of external corporate governance.

---

Definitions:

Free Ride

A phenomenon where an individual or individuals benefit from resources or services without contributing to the cost or effort.

Self-Managed Work Team

A group of employees tasked with a particular job or project, which operates with minimal or no supervision, often responsible for their own management and leadership.

Social Skills

Abilities used to communicate and interact effectively and harmoniously with others, including verbal and non-verbal communication, empathy, and active listening.

Intrinsic Motivation

The drive to engage in an activity for its own sake, enjoying the process and learning rather than for the sake of some external reward.