A Board of Directors Has Three Formal Responsibilities: Appoint the Officers

question 5

Multiple Choice

A board of directors has three formal responsibilities: appoint the officers of the firm, oversee the affairs of the corporation, and:

• A) conduct the annual meeting
• B) provide funding for the firm
• C) submit the firm's annual report to the stockholders
• D) declare dividends
• E) write the firm's strategic plan

---

Definitions:

Lead Scoring

Analytics-based sales approach in which a company numerically rates its best prospective customers.

Numerically Rates

A method of evaluating or scoring something based on a numerical scale.

Prospective Customers

Individuals or entities that are considered potential buyers for products or services, but have not yet made a purchase.

Net Present Value

A financial metric that calculates the present value of all future cash flows of a project or investment, subtracting the initial investment cost.