Which One of the Following Is NOT True About the Board

question 35

Multiple Choice

Which one of the following is NOT true about the board of directors?

• A) It represents shareholders' interests.
• B) It cannot ignore its stakeholders.
• C) It is involved with guiding the management of the company.
• D) Board of directors may include members of the company's management team.

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Definitions:

Uniform Building Code

A comprehensive set of regulations for building construction aimed at ensuring safety and structural integrity, often adopted by municipalities and states.

Types of Leases

Refers to the various classifications of rental agreements based on duration, manner of rent calculation, and other conditions, such as fixed-term, periodic, or at-will leases.

Assignment

The transfer of rights, property, or obligations from one party to another, typically seen in contracts and agreements.

Sublease

A transfer of less than all of a tenant’s interest in a leased property.