Which of the Following Best Represents the Center of Management

question 65

Multiple Choice

Which of the following best represents the center of management authority for the corporation?

• A) Employees
• B) Shareholders
• C) Board of directors
• D) Officers

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Definitions:

Clearing Process

The procedure by which financial trades settle; that is, the correct and timely transfer of funds to the seller and securities to the buyer.

Zero-Balance Account

A bank account which maintains a balance of zero by automatically transferring funds from a master account in an amount only large enough to cover checks presented.

BAT Model

A behavioral approach to financial modeling that incorporates psychological factors into market predictions.

Miller-Orr Model

A financial model used to manage cash balances and optimize the level of cash holdings by setting upper and lower limits within which the balance can fluctuate before triggering a transfer of funds.