Why Do Most Large Companies Have Outside Directors on Their

question 74

Multiple Choice

Why do most large companies have outside directors on their boards?

• A) to meet federal government requirements
• B) to provide independent benchmarks
• C) to provide technology leadership
• D) to bring a fresh view to all of the corporation's activities

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Definitions:

Margin of Error

The margin of error is a statistic expressing the amount of random sampling error in a survey's results, indicating the range within which the true population parameter is expected to lie with a certain level of confidence.

Standard Deviation

a statistic that measures the dispersion of a dataset relative to its mean, indicating how spread out the numbers are.

Gas Stations

Retail establishments that sell fuel and often other services or goods for motor vehicles.

Significance Level

the probability of rejecting the null hypothesis when it is true, used as a criterion for deciding the outcome of a statistical test.