The Primary Responsibility of the Board of Directors Is to __________

question 17

Multiple Choice

The primary responsibility of the board of directors is to __________.

• A) tell the all managers what to do
• B) oversee the affairs of the organization
• C) make daily operational decisions
• D) do tactical planning

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Definitions:

Tax Receipts

The revenue collected by the government through various forms of taxation.

Government Expenditures

Financial spending by the government on goods, services, and public projects, including healthcare, education, and infrastructure.

Built-In Stability

refers to automatic fiscal policies and regulations that stabilize economic fluctuations without additional government intervention.

Real GDP

The measure of a country's economic output adjusted for price changes and inflation.