Hilmer Argued That the Board's Role Is To

question 13

Multiple Choice

Hilmer argued that the board's role is to:

• A)ensure that management achieves industry average returns on capital employed
• B)ensure that all customers are treated fairly
• C)ensure that management strives for above-average,risk-adjusted performance
• D)ensure that employee-employer relations are professional

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Definitions:

Competition

The rivalry among businesses to attract customers, increase sales and market share, and achieve a sustainable competitive advantage.

Fosters Efficiency

Encourages or promotes greater productivity and effectiveness in processes or systems.

Monopolistic Competition

A market structure characterized by many firms offering similar but not identical products, allowing for some degree of market power.