Which of the Following Is Likely to Be Found in the Minutes

question 35

Multiple Choice

Which of the following is likely to be found in the minutes of the board of directors' meetings?

• A)Approval of customer credit limits.
• B)Approval of a new computer for the controller.
• C)Authorization of employee salaries.
• D)Authorization of executive salaries.

Recognize the significance of organizational structuring and its impact on performance and accountability.

Understand the importance of aligning manager roles and functions to achieve organizational efficiency and effectiveness.

Understand the concept of an emergency fund and how to calculate the appropriate amount.

Recognize different financial products and services, such as lines of credit and investment accounts.

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Definitions:

Color-blindness

is a condition where an individual has difficulty distinguishing between certain colors, due to defects in the color-sensing pigments in the eye.

Hemophilia

Genetic disorder that is caused by a deficiency of a clotting factor in the blood.

Klinefelter Syndrome

A genetic condition in males resulting from an extra X chromosome (XXY), characterized by reduced fertility, testicular atrophy, and sometimes lower levels of testosterone.

XXY

A chromosomal condition where an individual has an extra Y chromosome, typically resulting in Klinefelter syndrome, characterized by physical and sometimes cognitive features.