Under a Dual Board System, the Board That Carries Out

question 57

Multiple Choice

Under a dual board system, the board that carries out management directives for the benefit of various stakeholder groups is:

• A) The Management Board
• B) The Supervisory Board
• C) The Board of Governors
• D) The Board of Trustees

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Definitions:

Individual Incentive Plan

Compensation strategy designed to reward employees based on their individual performance achievements.

Piecework

A payment method based on the amount of work completed rather than the time taken, frequently used in manufacturing and agriculture.

Variable Pay

A compensation strategy that ties employee pay directly to their performance or achievements, often including bonuses, commissions, and profit-sharing plans.

Competitiveness

The ability of a company or country to maintain and gain market share by producing goods or services more effectively than competitors.