Which of the Following Is NOT a Responsibility of the Board

question 33

Multiple Choice

Which of the following is NOT a responsibility of the Board of Directors?

• A) Monitor corporate strategy decisions and ensure that they are consistent with stockholder interests
• B) Apply sanctions on management when appropriate
• C) Hire, fire, and compensate the CEO
• D) Develop targets for divisional managers
• E) Make sure the audited financial statements present a true picture of the company's financial situation

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Definitions:

State Implementation Plan

A document prepared by states in which the emissions to the air from individual sources are limited legally so that the area will meet the national ambient air quality standards.

Clean Air Act

A comprehensive federal law in the United States that regulates air emissions from stationary and mobile sources to control air pollution.

National Ambient Air Quality Standards

Federally established air pollution standards designed to protect the public health and welfare.

Permit System

A regulatory system that requires individuals or entities to obtain permission, usually from a government authority, before undertaking certain activities.