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:

Compensation Costs

Expenses incurred by employers to remunerate employees, including wages, salaries, bonuses, benefits, and any other forms of payment for services rendered.

Slipshod Attempt

A careless or poorly planned effort to accomplish a task, often leading to unsatisfactory or incomplete results.

Human Resource Management

The strategic approach to managing a workforce, including recruitment, selection, training, compensation, and performance management, to optimize productivity and satisfaction.

Performance Decrease

A decline in the efficiency, productivity, or quality of work produced by an individual or group over a period.