A member of a corporate board of directors that does not have a direct management role in the firm is known as
A) a shareholder.
B) an inside director.
C) an outside director.
D) a corporate governor.
Answer: C
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Assume that average labor productivity is the same in each country. Based on the information in the table, which country has the smallest real GDP per capita?CountryPopulation (millions)Share of Population Employed (%)A10060B15055C7550D25045E9540
A. Country A B. Country D C. Country E D. Country B
What is a mixed economy?
A. An economy in which production and distribution is done by both a private sector and a public sector. B. An economy that has a mixture of resources. C. An economy run by representatives of different political parties. D. An economy that produces a blend of various products rather than concentrating on a single product.
The figure above shows a labor market. If this labor market is perfectly competitive, the wage rate is
A) $4 per hour. B) $6 per hour. C) $8 per hour. D) $10 per hour.
_____ is a measure of the total satisfaction derived from consuming a quantity of some good or service
a. Disutility b. Diminishing marginal utility c. Total utility d. Marginal utility e. Ordinal utility