According to the Text, Which of the Following Is NOT

question 32

Multiple Choice

According to the text, which of the following is NOT a typical standing committee of boards of directors?

• A) audit committee
• B) compensation committee
• C) executive committee
• D) nominating committee
• E) public relations committee

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Definitions:

Consolidation

The process of combining assets, liabilities, and other financial items of two or more entities into one. In financial accounting, it refers to the aggregation of financial statements of a group company as consolidated accounts.

Combining Firms

The process of merging two or more companies into one entity, typically to achieve synergies or strategic objectives.

Acquiring Firm

A company that purchases a majority interest in another company to take control of it.

Parent

A company that holds a controlling interest in one or more subsidiaries, or an individual who has a child.