A Nominating Committee

question 36

Multiple Choice

A nominating committee:

• A) oversees auditing reports and assesses financial risks in the company's strategy.
• B) reviews the performance of top executives and sets their compensation.
• C) sets the director's pay.
• D) identifies candidates for election to the board.

---

Definitions:

Budgetary Control

The use of budgets to control operations.

Master Budget

An all-encompassing financial planning document that includes detailed budgets for all aspects of a company's operations over a specific period.

Manager's Performance

The effectiveness and efficiency with which a manager reaches goals and meets objectives within an organization.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, allowing for more accurate budgeting and forecasting.