Answer the following statements true (T) or false (F)
1. In the study Daring to Lead, researchers found a negative correlation between the amount of time the chief executive officer spends with the board and chief executive officer and board member satisfaction.
2. Chait writes that nonprofit boards should manage the organizations they serve.
3. The Panel on the Nonprofit Sector issues reports recommending practices similar to those outlined in the Sarbanes–Oxley Act.
4. Governing boards have the ultimate responsibility for ensuring an organization serves its mission.
5. Self-perpetuating board members are elected by the organization’s membership.
1. False
2. False
3. True
4. True
5. False
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The Ramien Store held inventory items at the end of 2016 . Which items should Ramien include as part of its total inventory cost?
a. Freight incurred in shipping goods to customers. b. Cost of storing inventory before it is sold. c. Cost of salaries of clerks that sell the inventory items. d. Annual income taxes paid for operations.
Race may be a bona fide occupational qualification when the employee will be working with children of a different race
a. True b. False Indicate whether the statement is true or false
The modern approach follows the common law rule in holding that a corporation cannot commit a criminal act
a. True b. False Indicate whether the statement is true or false
Hearth & Home Furniture store advertises bedroom suites at a "Special Low Price of $599." When Ilene tries to buy one of the suites, Jill, the salesperson, tells her that they are all sold and no more are obtainable. Jill adds that Hearth & Home has other bedroom suites available for as low as $2,599. This is A) a cease-and-desist order
B) bait-and-switch advertising. C) counteradvertising. D) puffery.