Suppose a Person Serves on the Boards of Directors of Competing

question 43

Multiple Choice

Suppose a person serves on the boards of directors of competing firms.The term used to describe this practice is _____

• A)interlocking directorate.
• B)arbitration.
• C)free riding.
• D)exclusive dealing.
• E)mediation.

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Definitions:

Forecasting

The process of making predictions of future events or trends based on analysis of past and present data.

Scanning

The act of analyzing the internal and external environments of an organization to identify trends, opportunities, and threats.

Managed Electronically

The process of organizing, controlling, or conducting operations using digital technology and electronic devices.

Environmental Scan

An analysis method that examines the internal and external environments of an organization to identify opportunities and threats.