A Member of a Corporate Board of Directors That Does

question 249

Multiple Choice

A member of a corporate board of directors that does not have a direct management role in the firm is known as

• A)a shareholder.
• B)an inside director.
• C)an outside director.
• D)a corporate governor.

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Definitions:

Keynesian Economists

Scholars and practitioners of economics who follow and build upon the theories of John Maynard Keynes, emphasizing the importance of total spending in the economy and government interventions to stabilize economic cycles.

Private Sector

The part of the economy that is run by individuals and companies for profit and is not state controlled.

Consumption

The use of goods and services by households or individuals, representing the end-use of the production process.

Supply-Side Economists

Economists who believe that reducing taxes and regulation on businesses can stimulate economic growth by increasing supply.