All of the Following Are Duties of the Board of Directors

question 30

Multiple Choice

All of the following are duties of the board of directors of a corporation EXCEPT ______.

• A) hiring the corporation's chief executive officer
• B) authorizing major transactions of the corporation
• C) guaranteeing the payment of cash dividends every year
• D) electing its own officers

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Definitions:

Life Expectancies

The average period that a person may expect to live, often used as a statistical measure in demographic studies.

Net Loss

A situation where total expenses exceed total revenues during a specific period, indicating a financial loss in a business or enterprise.

Demographer

A social scientist who studies population dynamics, including birth rates, mortality rates, and migration patterns.

Net Migration Rate

The difference between the number of immigrants and the number of emigrants throughout the year, per 1,000 inhabitants in a given country.