In the United States, the Board of Directors of Corporations

question 32

Multiple Choice

In the United States, the Board of Directors of corporations have a fiduciary responsibility to:

• A) price the products they produce.
• B) raise investment capital in their spare time.
• C) operate the company on a day-to-day basis.
• D) represent the stockholders.

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Definitions:

Dental Coverage

Health insurance benefits that cover costs associated with dental care, including preventative services, treatments, and surgeries.

Piece Rates

A pay system where employees are compensated based on the quantity of work they produce, usually at a fixed rate per unit produced.

Commissions

A form of payment to an employee based on completing a task or making a sale, often a percentage of the sale amount.

Merit Pay

Pay increase given to employees based on their job performance, as a reward for their contributions towards organizational goals.