Which of the Following Is True of the CRAFTED Principles

question 30

Multiple Choice

Which of the following is true of the CRAFTED principles of governance?

• A) It recommends creating a culture of consistency,accountability,and responsibility.
• B) It considers only the financial profitability of all operational actions.
• C) It favors a tight information flow managed by a company's senior executive leaders.
• D) It approves of selecting members of the board by trading professional favors.

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Definitions:

Indemnity

A security or protection against a loss or other financial burden.

Statute of Frauds

A legal concept that requires certain types of contracts to be in writing and signed by the parties involved to be legally enforceable.

Oral Agreement

An agreement made through spoken communication between parties, which can be legally binding even in the absence of a written document in some cases.

Partial Payment

A payment that covers only a portion of the total amount due on a debt, bill, or other financial obligation.