_____ Are Board Members Who Are Not Employees of the Firm,but

question 25

Multiple Choice

_____ are board members who are not employees of the firm,but frequently are senior executives from other firms or full-time professionals.

• A) Inside directors
• B) Outside directors
• C) CEOs
• D) Auditors

---

Definitions:

Laspeyres Price Index

A measure of the change in the aggregate price level of a basket of goods and services over time, using the quantities purchased in the base year.

Paasche Price Index

The Paasche Price Index measures the change in the price level of a basket of goods and services between two periods, using the quantities of the current period.

Strong Axiom

A principle or rule with robust implications or requirements, though more context is needed for a specific field application.

Revealed Preference

An economic concept referring to the idea that consumers' choices, reflected in their purchasing decisions, reveal their preferences for certain goods or services over others.