Which of the Following Is NOT a Function of the Board

question 23

Multiple Choice

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

• A)answering to shareholders of the company
• B)determining how top executives should be compensated
• C)day-to-day running of the company
• D)monitoring the performance of the company

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Definitions:

Form 1040

The typical form distributed by the Internal Revenue Service (IRS) for individuals to use when filing their yearly tax returns on income.

Straight-Line Depreciation

A method of calculating the depreciation of an asset by evenly spreading its cost over its useful life.

Tax Bracket

Ranges of income set by the government that determines the rate at which income is taxed.

Long-Term

Refers to holding an asset for more than a year before disposal, affecting the calculation of capital gains and losses for tax purposes.