Which of the following statements is true about the board of directors?
A) The board members are directly elected by the employees of the company.
B) The board has no legal authority to hire, fire, and compensate the CEO.
C) Some of the board members hold positions on the boards of several companies.
D) The board has no power to nominate people for positions in the management.
E) Divisional and functional managers usually form the board.
Correct Answer:
Verified
Q23: Which of the following statements is true
Q24: are external stakeholders in a company.
A)Stockholders
B)Managers
C)Employees
D)Customers
E)Board
Q25: Gamma Corp.has recently bought stocks in an
Q26: Which of the following statements is true
Q27: is a situation where an agent has
Q27: _ is a source of gaining wealth
Q31: Arnold is a CEO at Gamma LLC.He
Q32: Which of the following is NOT an
Q33: Which of the following statements is true
Q33: Which of the following statements is true
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents