Which of the Following Statements Is True Regarding a Board

question 73

Multiple Choice

Which of the following statements is true regarding a board of directors?

• A) The directors have fiduciary duties to the corporation.
• B) They are the true owners of the corporation.
• C) The board is an agent for the shareholders.
• D) The board of directors manages the day-to-day operation of the corporation.

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Definitions:

Unpredictable

not able to be predicted or foreseen, often because of constant changes or lacking a pattern.

Variable-Interval

A timetable for reinforcement where the time intervals between receiving reinforcement vary around a certain average but are unpredictable.

Reinforcement

A principle in behavioral psychology where an outcome or consequence of a behavior increases the likelihood of that behavior occurring again in the future.

Decreases

A reduction in size, quantity, or degree.