Large firms in Germany have:
I. the board of directors
II. the supervisory board
III. the management board

Question

Quizplus · Accepted Answer

In Germany, large firms have both a supervisory board and a management board. The supervisory board is responsible for appointing and supervising the management board, while the management board is responsible for the day-to-day management of the company. The board of directors is not a term commonly used in Germany, but can refer to the supervisory board in some cases. Therefore, options I and III are both incorrect, leaving only option II and III as a possibility. However, since option III is incorrect, the correct answer is D: II and III only.

Large Firms in Germany Have