Which of the Following Actions Is a Step Toward Running

question 96

Multiple Choice

Which of the following actions is a step toward running a company successfully?

• A)Merging the roles of the chief executive officer and the chairperson of the board
• B)Liberating the chief executive officer from constraints laid by the board members
• C)Evaluating risk-versus-reward scenarios frequently, regardless of the company's size
• D)Reducing the board's independence and decreasing the power of stockholders

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Definitions:

Market System

A market system is an economic system where prices and the distribution of goods and services are determined by supply and demand in a competitive market.

Goods and Services

The physical items (goods) and actions or activities (services) that people produce and consume to satisfy their needs and wants.

Willing and Able

Refers to a consumer's readiness and capacity to purchase goods or services at a given price level.

Market System

An economic system in which economic decisions and the pricing of goods and services are guided by the interactions of citizens and businesses.