Which of the Following Is True About Boards of Directors

question 79

Multiple Choice

Which of the following is true about boards of directors?

• A) They can be characterized as either inside or outside boards.
• B) Board members necessarily need to own stock.
• C) They cannot participate in the day-to-day operations of the organization.
• D) The role the board plays as an entity should be different for inside boards and outside boards.
• E) Those who do not hold management positions in the organization cannot be members of boards.

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Definitions:

Interest Rate

The percentage of a sum of money charged for its use, often expressed as an annual rate.

Exchange Rate

The value of one currency expressed in terms of another currency, used to determine how much of one currency can be exchanged for another.

Tax Rebate

A refund on taxes when the tax liability is less than the taxes paid.

Interest Rate

The percentage of a sum of money charged for its use, usually expressed as an annual percentage.