While of the Following Is FALSE About the Board of Directors

question 33

Multiple Choice

While of the following is FALSE about the board of directors (BOD) of a firm:

• A) are unbiased individuals that help with high-end decisions within the firm.
• B) represent the owners of the corporation.
• C) make frequent operating decisions.
• D) are elected by the shareholders.

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Definitions:

Human Wants

The desires and needs of individuals for goods, services, and other intangibles that lead to satisfaction.

Opportunity Cost

The toll taken for not picking the second highest preference when decisions are formulated.

Tax Cut

A reduction in the amount of taxes imposed by the government, which can affect individuals, corporations, or specific sectors.

State Expenditures

The total spending by state governments on various public services, infrastructure, education, and welfare programs.