Bellhaven Inc

question 96

Multiple Choice

Bellhaven Inc. has a board of directors that consists of seven members. Which of the following is most likely an accurate statement about Bellhaven's board of directors?

• A) Bellhaven's board of directors ensures the firm's compliance with laws and regulations but does not conduct risk assessments.
• B) Bellhaven's board of directors provides guidance for the firm's CEO but does not monitor the firm's corporate actions.
• C) Bellhaven's board of directors oversees the firm's succession plan but does not evaluate the firm's CEO.
• D) Bellhaven's board of directors has a minority number of inside directors and it evaluates the firm's strategic initiatives.

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Definitions:

Cognitive Dissonance

A psychological discomfort experienced when holding two or more conflicting beliefs, ideas, or values.

Festinger And Carlsmith

Festinger and Carlsmith refer to the researchers involved in a classic 1959 psychological experiment demonstrating cognitive dissonance, where individuals experienced discomfort resulting from holding conflicting beliefs.

Ethical Person

An individual who consistently displays honesty, fairness, and consideration for others in their decisions and behaviors.

Cognitive Dissonance

Cognitive Dissonance is the mental discomfort experienced by a person who holds two or more contradictory beliefs, ideas, or values at the same time.