The Duty of the Board of Directors of a Public

question 54

Multiple Choice

The duty of the board of directors of a public corporation is to

• A) audit the company's financial statements for accuracy.
• B) recommend new products and services.
• C) control the day-to-day operations of the firm.
• D) protect the company from harsh overseas competition and lower labor costs.
• E) ensure decisions by senior managers are in the best interests of the shareholders.

---

Definitions:

Causes And Effects

A concept relating to the identification of reasons behind certain events (causes) and the outcomes that result from these events (effects).

Symbolically

In a manner that uses symbols or symbolism to convey meaning, typically beyond the literal interpretation.

Virtual Communities

Online networks of individuals who share interests, ideas, or goals and interact through social media, forums, or other web-based communication channels.