A Member of the Board Who Is a Top Executive

question 1

Multiple Choice

A member of the board who is a top executive of the firm is called a(n) _____.

• A) outside director 
• B) executive manager 
• C) inside director 
• D) co-manager

Assess the relationship between risk-free rate, market rate of return, and expected security returns.

Analyze the relevance of the market portfolio, including its properties and composition.

Differentiate between the Capital Market Line (CML) and the Security Market Line (SML).

Understand the basics and the necessity of consolidation adjustments in intra-group transactions.

---

Definitions:

Variable-interval

A reinforcement timetable in which a response is reinforced following a random duration of time.

Variable-ratio Schedule

A reinforcement schedule where a response is reinforced after an unpredictable number of responses, making it highly resistant to extinction.

Specific Number

A specific number refers to a distinct and particular numerical value, identified without ambiguity.

Randomly Varying

Exhibiting changes that lack a specific pattern, direction, or expectation, occurring in a manner that cannot be predicted.