Which of the Following Is a Responsibility of the Directors

question 11

Multiple Choice

Which of the following is a responsibility of the directors of a public company?

• A)to maintain an internal control system within the company.
• B)to ensure financial statements are prepared showing a true and fair view of an organisation's financial situation.
• C)to organise for financial reports to be audited.
• D)All of the above.

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Definitions:

Process Innovation

The implementation of a new or significantly improved production or delivery method, enhancing efficiency or quality.

Organizational Cultural Lag

The delay between changes in organizational culture and the adaptation of its strategies, processes, or structure.

Amabile's Model

A theory proposed by Teresa Amabile that outlines the impact of intrinsic motivation, domain-relevant skills, and creativity-relevant processes on an individual's creative output.

Support for Creativity

The encouragement and facilitation of innovative thinking and original ideas within an organization or community.