Which of the Following Is True in Regards to Outside

question 18

Short Answer

Which of the following is true in regards to outside directors?
a. The trend around the world is to introduce less outside directors.
b. In the United States, less than a half century ago, most boards were made up entirely or largely of outside directors.
c. Many US firms are now favoring a board that is entirely made of people who are insiders due the need for people who can understand the increasing complexity of MNEs.
d. Japanese boards have not waited until they are in financial difficulty to bring in outside directors from banks.
e. Academic research has failed to empirically establish a link between the outsider/insider ratio and firm performance.

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Definitions:

Total Manufacturing Costs

The aggregate cost incurred in the production of a product, including direct materials, direct labor, and manufacturing overhead expenses.

Cost of Goods Manufactured

The total cost incurred by a company to produce goods in a specific period, including the cost of direct materials, direct labor, and manufacturing overhead.

Beginning Finished Goods Inventory

The value of a company’s finished goods inventory at the start of an accounting period.

Cost of Goods Manufactured

The total production cost (materials, labor, and overhead) of goods completed and ready for sale during a specific period.