Which of the Following Is True of Managers in an Organization

question 61

Multiple Choice

Which of the following is true of managers in an organization with good corporate governance?

• A) Managers must be nominated by the compensation committee.
• B) Managers should fulfill a fiduciary responsibility to the owners.
• C) Managers must consider only the single bottom line of profitability.
• D) Managers should follow an exclusive,rather than an internal,approach.

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Definitions:

Receiver

A court-appointed person responsible for taking custody of and managing property or assets for the benefit of creditors or other parties during legal proceedings.

Resulting Corporation

A corporation that emerges from the combination or merger of two or more separate entities.

Surviving Corporation

is a corporation that remains intact after a merger or acquisition, absorbing the assets and liabilities of the other entity involved.

Surviving Entity

The corporation or entity that continues to exist after a merger, acquisition, or consolidation, absorbing the assets and liabilities of the other entity.