Which of the Following Statements Is True of Boards of Public

question 9

Multiple Choice

Which of the following statements is true of boards of public sector organisations?

• A) Boards of government enterprises are predominantly profit-driven.
• B) Boards of government enterprises have final decision-making power.
• C) Boards of government enterprises are responsible to the organisation's shareholders.
• D) Boards of government enterprises have the power to fire CEOs and appoint new directors.
• E) Boards of government enterprises are responsible to a range of different stakeholders, and major decisions concerning their personnel and direction are ultimately made by government.

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Definitions:

Schedule E

Schedule E is a form used for tax filing in the U.S. that reports income and losses from rental property, royalties, partnerships, S corporations, estates, trusts, and residual interests in REMICs.

IRS Method

A term not specifically defined but often refers to the procedures, formulas, or rules established by the IRS for calculating taxes, deductions, and credits.

Royalty Income

Income derived from the use of an individual's property, such as patents, copyrights, music, or books, typically based on a percentage of revenues.

Schedule E

A form used by the IRS for taxpayers to report income and expenses from rental real estate, royalties, partnerships, S corporations, trusts, and residual interests in REMICs.