Which of the Following Is Not True About the Board

question 83

Multiple Choice

Which of the following is not true about the board of directors?

• A)They are elected by stockholders.
• B)They ensure the accuracy and completeness of all reports provided to the Securities & Exchange Commission (SEC).
• C)They are responsible for ensuring that processes are in place for maintaining the integrity of the financial statements.
• D)They are responsible for hiring the company's external auditors.

---

Definitions:

Compensation System

The combination of salary, wages, and benefits that an employer provides to employees in exchange for their work.

Flexible Work Schedules

Work arrangements that allow employees to vary their arrival and departure times, as well as work locations, to accommodate personal needs and improve work-life balance.

Compensation System

A structure designed by organizations to determine how employees are remunerated for their contributions.

Intrinsic Rewards

The personal satisfaction and enjoyment derived from performing a job or completing a task, arising from within the individual rather than from external factors.