The Board of Directors of a Corporation

question 19

Multiple Choice

The Board of Directors of a corporation:

• A)Are not responsible for hiring other professional managers.
• B)Do not decide whether profits will be distributed to stockholders.
• C)Make major policy decisions.
• D)Are members of a government agency.

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Definitions:

Private Decisions

Choices made by individuals or businesses in the private sector, typically regarding consumption, investment, or production.

Efficiency

The effectiveness with which resources are used to achieve a desired outcome, maximizing outputs from given inputs without waste.

Transferable Rights

Rights that can be assigned or transferred from one party to another.

Pollution

The presence or introduction into the environment of contaminants that cause harm or discomfort to organisms and the environment.