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Which of These Is the Responsibility of the Board of Directors

question 28

Multiple Choice

Which of these is the responsibility of the board of directors?
i. Recommending dividends
ii. Collecting bad debts
iii. Preparing the company tax return
iv. Preparing the budget


Definitions:

Discretion

The freedom to decide what should be done in a particular situation, often used in legal and law enforcement contexts.

Probable Cause

A reasonable basis for believing that a crime may have been committed, which is used as a standard by law enforcement to obtain warrants for arrests and searches.

Motivated

Having a strong reason to act or accomplish something, being driven towards a goal or objective.

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