The Board of Directors Has Which of the Following Responsibilities

question 16

Multiple Choice

The board of directors has which of the following responsibilities?
I. Recommendation of dividend payments
II. Collection of bad debts
III. Preparation of the company budget
IV. Preparation of the company tax return

• A) I.
• B) I and II
• C) I, II and III
• D) I, II, III and IV

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Definitions:

Lateral Thinking

A problem-solving approach that involves viewing problems from new and unconventional perspectives, often leading to creative solutions.

Bounded Rationality Model

A concept in decision-making theories that acknowledges the limitations of human cognitive abilities when making decisions.

Suboptimal Decision

A choice made that is not the best possible or most effective given the circumstances or available options.

Decision Making

Making decisions by determining a choice, obtaining information, and examining alternative approaches.