The Board of Directors' Primary Functions Include All of the Following

question 143

Multiple Choice

The board of directors' primary functions include all of the following except:

• A)Hiring corporate officers.
• B)Setting officers' salaries.
• C)Declaring dividends.
• D)Transacting corporate business.

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Definitions:

Organizational Designs

The process of structuring a company's roles, responsibilities, and relationships to achieve its goals efficiently.

Economic Conditions

Refer to the prevailing state of the economy in a specific area or globally, encompassing factors like unemployment rates, inflation levels, and growth indicators.

Environmental Uncertainty

The unpredictability in an organization’s external environment, making decision-making complex and potentially risky.

Adhocracies

Organizational structures that are flexible, adaptable, and lacking in formal hierarchy, often used to solve complex and changing problems.