The key difference between a family council and a board of directors is that:
A. the board can seek legal advice while the council gathers legal advice from the board.
B. the council is to keep the family involved while the board is focused on running the business.
C. the board of directors maximizes communication while the council works on unique company problems.
D. the council is comprised of unrelated members while the board is comprised of family members.
Answer: B
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Hsu Company reported the following on its income statement: Income before income taxes $420,000 Income tax expense 120,000 Net Income $300,000 An analysis of the income statement revealed that interest expense was $80,000. Hsu Company's times interest earned was:
A) 8.16 times. B) 6.25 times. C) 5.25 times. D) 5.91 times.
Questions pertaining to BFOQs cannot be asked during an interview
Indicate whether the statement is true or false.
________ arise where two or more testators execute separate wills that leave their property to each other on the condition that the survivor leave the remaining property on his or her death as agreed by the testators
A) Nuncupative wills B) Mutual wills C) Joint wills D) Living wills