The Board of Directors of a Corporation Is Responsible for All

question 92

Multiple Choice

The board of directors of a corporation is responsible for all of the following except

• A) arranging for major bank loans.
• B) authorizing contracts.
• C) carrying out the daily operations of the business.
• D) declaring dividends.

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Definitions:

Universal Set Of Leadership Behaviors

An ideal or theoretical collection of actions and practices considered effective for leaders to exhibit across diverse situations and contexts.

Task Behaviors

Actions taken by leaders focusing on the completion of objectives or the achievement of specific goals.

Authoritative Behaviors

Actions by a leader that display command and confidence, aimed at directing or controlling the efforts of others.

Relationship Behaviors

Actions and practices that individuals exhibit in interactions, which impact the quality and dynamics of relationships.