All of the Following Are Informal Roles Played by the Board

question 31

Multiple Choice

All of the following are informal roles played by the board of directors except ________.

• A) reviewing the firms' strategy
• B) transporting information from external sources
• C) providing leads for acquisition candidates
• D) providing advice for the CEO and other executives

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Definitions:

FICA-Medicare

A federal payroll tax that funds Medicare, the U.S. health insurance program for individuals aged 65 and over or who meet other specific criteria.

Gross Wages

Gross Wages refer to the total amount of compensation earned by an employee before any deductions or taxes are taken out.

Net Wages

The amount of an employee's earnings after all deductions, such as taxes and retirement contributions, have been subtracted.

Allowance or Exemption

A reduction in the amount of income that is subject to tax, or a legal deduction from reported income to reduce taxable income.