Which of these is the responsibility of the board of directors?
i. Recommending dividends
ii. Collecting bad debts
iii. Preparing the company tax return
iv. Preparing the budget

Question

Quizplus · Accepted Answer

Recommending dividends is one of the primary responsibilities of the board of directors. Collecting bad debts is typically the responsibility of the accounting or collections department, preparing the company tax return is the responsibility of the accounting department, and preparing the budget may involve input from various departments but is ultimately the responsibility of senior management.

Which of These Is the Responsibility of the Board of Directors