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.

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Definitions:

Big Five Factors

The Big Five Factors are a model describing human personality through five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Predictive Value

The extent to which a test or measure accurately predicts the outcome or presence of a trait, characteristic, or condition in the future.

Agreeableness

A personality trait characterized by being cooperative, friendly, and compassionate towards others.

Big Five Traits

A model outlining five broad dimensions that describe human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.