The board of directors is a group that has a ________ duty to ensure that the company is run consistently with ________ interests of the owners, or shareholders of a corporation and that acts as an ________ between the shareholders and management.

A. fiduciary; long-term; intermediary
B. legal; short-term; intermediary
C. sworn; long-term; advisor
D. formal; short-term; advisor


Answer: A

Business

You might also like to view...

The ________ includes keeping records of all property and money received and expended during the course of an agency

A) duty of accountability B) duty of termination C) duty to reimburse D) duty to notify

Business

Weston, Inc., produces widgets. To manufacture a new type of widget, it took 23 iterations before the process reached a steady state of 13 hr. If Weston has a 97% learning rate, use the logarithmic approach to calculate the time it took to manufacture the first widget.

A. 15.40 hr B. 13.28 hr C. 12.23 hr D. 14.92 hr

Business

The worst way to arrive at a collaboration diagram is to start from a sequence diagram

Indicate whether the statement is true or false

Business

In the context of principles of organizing, ________ helps to eliminate factors within organization structure like complexity and confusion in the workplace.

A. the exception principle B. unity of command C. the association principle D. level of control

Business