Which of the Following Is Not a Responsibility of the Board

question 4

Multiple Choice

Which of the following is not a responsibility of the board of directors?

• A) Monitor corporate strategy decisions and ensure that they are consistent with stockholder interests
• B) Develop the company's competitive strategy
• C) Hire, fire, and compensate the CEO
• D) Apply sanctions on management when appropriate
• E) Make sure the audited financial statements present a true picture of the company's financial situation

Analyze the importance of observational methods in researching family interactions.

Understand normative ethics and its purpose in society.

Describe and critique the basic arguments of ethical relativism and moral absolutism.

Understand the process and significance of gender socialization.

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Definitions:

Unenforceable Agreement

A contract or agreement that, due to certain defects or legal deficiencies, cannot be legally enforced or compelled by a court.

Compensatory Damages

Financial compensation awarded to a plaintiff to redress the loss or injury that has been suffered.

Punitive Damages

Monetary compensation awarded to an injured party that goes beyond what is necessary to compensate for losses and is intended to punish the wrongdoer.

Unconscionable

Something that is shockingly unfair or unjust, often used in a legal context to describe terms that are extremely one-sided.