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:

Operating Cash Flow

Represents the amount of cash generated by a company's normal business operations.

Fixed Asset Additions

Expenditures involving the acquisition or improvement of long-term assets that increase the company’s operational capacity or extend the asset's useful life.

Accounts Receivable

Amounts owed by customers to a company for goods or services provided on credit.

Income Statement

An account that tracks a business's financial transactions, including income and expenditures over a designated timeframe, leading to a final profit or loss.