Which of the Following Is a Specific Governance Responsibility of the Board

question 112

Multiple Choice

Which of the following is a specific governance responsibility of the board of directors of a public corporation?

• A)Managing and reviewing operations.
• B)Approving corporate strategy.
• C)Implementing effective internal controls.
• D)Selecting the external audit firm.

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Definitions:

Arithmetic Growth

A pattern of growth where a population increases by a constant amount in each time period.

Logistic Growth

Population increase that results in an S-shaped curve; growth is slow at first, steepens, and then levels off due to environmental resistance.

Ecology

Study of the interactions of organisms with other organisms and with the physical and chemical environment.

Environmental Resistance

The combined physical, chemical, and biological limiting factors that restrict the growth, abundance, or distribution of an organism or a population within an environment.