In a(n) _____, the same people serve on the boards of directors of several companies or corporations.

Question

Quizplus · Accepted Answer

An interlocking directorate refers to a situation where the same individuals serve on the boards of directors of two or more companies. This situation can occur within a single industry or across different industries, and it is often seen as a way for companies to coordinate their activities and exert influence over their respective markets.
Private cartel refers to an agreement between companies to limit competition by controlling prices or output. This term does not necessarily involve the same individuals serving on the boards of directors of multiple companies.
Monopoly refers to a situation where a single company or group controls the entire market for a particular product or service. While interlocking directorates may contribute to the concentration of power in a market, it is not synonymous with a monopoly.
Transnational directorate and subsidiary board are not commonly used terms in the context of corporate governance or business management, and they do not accurately describe the situation of interlocking directorates.

In A(n) _____, the Same People Serve on the Boards