In a Public Company with Diffused Ownership,the Board of Directors

question 94

Multiple Choice

In a public company with diffused ownership,the board of directors is entrusted with

• A)monitoring the auditors and safeguarding the interests of shareholders.
• B)monitoring the shareholders and safeguarding the interests of management.
• C)monitoring the management and safeguarding the interests of shareholders.
• D)none of the options

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Definitions:

Office of Management and Budget

A federal office within the Executive Branch of the United States government that assists the President in preparing the budget and monitoring federal agencies.

Indirect Tax

A tax levied on goods and services rather than on income or profits.

Corporate Income Tax

A tax imposed on the net income of corporations, calculated after allowable deductions and credits.

Federal Personal Income Tax

A tax levied by the federal government on the annual income of individuals.