Which of the Following Is True About Corporate Boards

question 52

Multiple Choice

Which of the following is true about corporate boards?

• A) Corporate boards average 10 members.
• B) About half of the directors are "outside" directors.
• C) Only one-third of all companies have at least one woman on their board.
• D) Three-quarters of all companies have at least one ethnic minority board member.

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Definitions:

Mutual Mistake

A misunderstanding shared by both parties involved in a contract, leading to a misalignment in agreement terms.

Blackmails

The act of demanding payment or another benefit from someone in return for not revealing compromising or damaging information about them.

Voidable

A term referring to a legal agreement or transaction that is valid but may be annulled by one of the parties involved.

Mutual Mistake

A situation in a contract where all parties have a shared misunderstanding regarding a fundamental fact or factor in the agreement.