A Non-Management Member of the Board Is Called _____

question 42

Multiple Choice

A non-management member of the board is called _____.

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

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Definitions:

Retained Earnings

Earnings not distributed as dividends but retained by the company to reinvest in its core business or to pay debt.

Par Value

A nominal value assigned to a share of stock in the corporate charter, not necessarily related to its market value.

Acquisition Method

The accounting method used in consolidating the financial statements of a parent company and its subsidiaries, wherein the assets and liabilities of the subsidiary are measured at their fair values at the acquisition date.

Business Combination

A transaction or other event in which an acquirer gains control over one or more businesses.