SpandoCorp is a diversified firm that makes industrial, military and consumer products from Spandex. SpandoCorp manages each of the businesses that it operates in as a separate division and treats each as a True profit-and-loss center. In this organization, Grace McKenna is responsible for deciding which set of businesses SpandoCorp will operate in and for encouraging behavior that is consistent with this strategy, Wells Tucker provides information to McKenna about the internal and external environments that she uses in her decision making, and Kelly Rae is one of the individuals who is responsible for evaluating the firm's decision making to ensure that it is consistent with the interests of equity holders.
-Kelly Rae's position is SpandoCorp is best described as a(n)
A) institutional investor.
B) senior executive.
C) division general manager.
D) member of the board of directors.

Question

Quizplus · Accepted Answer

Kelly Rae's role involves evaluating decision-making to ensure alignment with equity holders' interests, which is typically a responsibility of a board of directors member.

SpandoCorp Is a Diversified Firm That Makes Industrial, Military and Consumer