Which One of the Following Statements Is TRUE

question 8

Multiple Choice

Which one of the following statements is TRUE?

• A) a classified board is one in which the board members have staggered terms.
• B) one tool of corporate governance is a company's tax avoidance strategy.
• C) one tool of corporate governance is choosing a good investment banker.
• D) a classified board is one in which the board members serve anonymously.
• E) a classified board is one in which an announcement requesting applications for board members appears in the newspaper.

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Definitions:

Autonomous

The quality of having independence or self-governance, capable of making decisions or operating independently from external control.

McDonaldization

Refers to the application of the rationalization principles of the fast-food industry to other sectors of society.

Rationalization

Is the application of the most efficient means to achieve given goals and the unintended, negative consequences of doing so.

Globalization

The process by which businesses, technologies, or philosophies spread throughout the world, leading to increased interconnectedness and interdependence among nations.