Which of the Following Tasks Is NOT the Responsibility of the Board

question 33

Multiple Choice

Which of the following tasks is NOT the responsibility of the board of directors?

• A) setting policies for the corporation
• B) authorizing the issuance of stock
• C) electing corporate officers
• D) managing the company's daily operations
• E) approving loans to and from the corporation

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Definitions:

Employee Orientation

A process designed to familiarize new hires with the organizational structure, culture, policies, and procedures of the company.

Recruit Employees

To recruit employees means to undertake activities and processes to attract and select individuals for employment positions within an organization.

IRAs

Individual Retirement Accounts, which are tax-advantaged investing tools for individuals to earmark funds for retirement savings.

401(k) Plans

Retirement savings plans sponsored by an employer that allow employees to save and invest a portion of their paycheck before taxes are taken out.