A Board of Directors Has Three Formal Responsibilities

question 54

Multiple Choice

A board of directors has three formal responsibilities:

• A) periodically update the firm's business plan, declare dividends, and write the firm's marketing plan
• B) appoint the officers of the firm, declare dividends, and oversee the affairs of the corporation
• C) write the firm's strategic plan, declare dividends, and conduct the annual meeting
• D) appoint the officers of the firm, conduct the annual meeting, and submit the firm's annual report to the Securities & Exchange Commission
• E) provide funding to the firm, write the firm's strategic plan, and submit the firm's annual report to the Securities & Exchange Commission

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Definitions:

Defense Mechanism

Unconscious psychological strategies employed to manage stress, emotional conflict, and internal or external demands that are perceived as threatening.

Projective Tests

Psychological assessment tools where subjects respond to ambiguous stimuli, revealing hidden emotions, and internal conflicts by projecting their inner thoughts.

Ambiguous Stimuli

Objects, words, or situations that lack clarity or have multiple interpretations.

Free Association

Psychodynamic therapy method allowing spontaneous, uncensored verbal expression to uncover unconscious thoughts.