The Board of Directors Usually Includes Some Individuals Who Are

question 89

Multiple Choice

The board of directors usually includes some individuals who are not employed by the corporation.These people are referred to as _____.

• A)priority directors
• B)outside directors
• C)stockholders
• D)members of top management

---

Definitions:

Bank Correction

Adjustments made by a bank to rectify any discrepancies found in an account balance.

Cash Drawer

A compartment within a cash register where the cash from transactions is kept.

Cash Receipts

Money received by a business, often recorded in the period it is received.

Cash Sales

Revenue received from transactions where payment is made immediately in cash.