Which of the Following Is NOT a Function of the Board

question 53

Multiple Choice

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

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

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Definitions:

Finished Goods Inventory

The total value of all completed products that have not yet been sold by the company.

Direct Labor

The cost of wages for employees who are directly involved in the production of goods or the provision of services.

Cash Collections

The process of receiving and processing payments from customers or debtors.

Cash Disbursements

Financial outflows or payments made by a business, often recorded in a ledger for accounting purposes.