Which of the Following Is NOT a Responsibility of the Board

question 20

Multiple Choice

Which of the following is NOT a responsibility of the board of directors?

• A)Monitor corporate strategy decisions and ensure that they are consistent with stockholder interests
• B)Apply sanctions on management when appropriate
• C)Hire, fire, and compensate the CEO
• D)Develop targets for divisional managers
• E)Make sure the audited fmancial statements present a true picture of the company's financial situation

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Definitions:

American Freedom

The ideals, rights, and liberties associated with being a citizen of the United States, often centered around concepts like democracy, equity, and freedom of expression.

National Boundaries

Defined lines that mark the territorial limits of a nation and separate it from neighboring countries.

Texas

A state in the southern United States, known for its large size, diverse landscapes, and significant contributions to American history, economy, and culture.

Florida

A state located in the southeastern region of the United States, known for its warm climate, extensive coastlines, and diverse ecosystem.