The board of directors has which of the following responsibilities?
I. Recommendation of dividend payments
II. Collection of bad debts
III. Preparation of the company budget
IV. Preparation of the company tax return

Question

Quizplus · Accepted Answer

The board of directors is responsible for recommending dividend payments to shareholders. Collections of bad debts and preparation of the company budget are responsibilities of management, while preparation of the company tax return is typically handled by the finance or accounting department.

The Board of Directors Has Which of the Following Responsibilities