All of the Following Criteria Reflect Survey Findings of the Characteristics

question 80

Multiple Choice

All of the following criteria reflect survey findings of the characteristics of a good director EXCEPT

• A)willing to challenge management when necessary.
• B)expertise on global business issues.
• C)understands the firm's key technologies and processes.
• D)available outside meetings to advise management.
• E)willing to always agree with executive decisions.

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Definitions:

Intangible Items

Assets that lack physical substance but hold value for a business, such as patents, trademarks, and goodwill.

Physical Items

Tangible objects that can be seen, touched, and measured, encompassing both inventory for sale and assets used in operations.

Assets

Resources owned or controlled by a person or business, which are expected to produce economic value or benefits in the future.

Common Stock

A form of security signifying part ownership in a corporation, which entitles the owner to vote and receive a portion of the company's earnings via dividends.