Question

64) The board of directors is typically responsible for A) developing strategic goals and plans. B) hiring and firing. C) bot

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Please find below the solution......let me know if you need any clarification..

correct answer is option A) Developing strategic goals and plans.

BOD will have the responsibility of developing the strategic goal and plan. They are not part of taking day to day decision. Therefore opiton B is wrong.

Add a comment
Know the answer?
Add Answer to:
64) The board of directors is typically responsible for A) developing strategic goals and plans. B)...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • According to The Sarbanes-Oxley Act of 2002, the audit committee of the board of directors is...

    According to The Sarbanes-Oxley Act of 2002, the audit committee of the board of directors is directly responsible for a performing tests of the company's internal control structure. b overseeing day-to-day operations of the internal audit department. c certifying the accuracy of the company's financial reporting process. d hiring and firing the external auditors. A fraud technique that uses unauthorized codes in an authorized and properly functioning program is called the ________ technique. a Trojan horse b man-in-the-middle c salami...

  • Q1 Homework - Unanswered Which of the following is true? O A The board of directors...

    Q1 Homework - Unanswered Which of the following is true? O A The board of directors has a fiduciary duty to shareholders. OB Shareholders elect the board of directors. 0 C Both a and b are true O D Neither a orbis true. Unanswered 2 attempts left - Submit Q2 Homework – Unanswered The problems stemming from a conflict of interest between shareholders and executives are called_ problems. O A agency O B opportunity O C incompatibility O D coordination...

  • In a corporate structure with shareholders, managers, and a board of directors: Select one: a. directors...

    In a corporate structure with shareholders, managers, and a board of directors: Select one: a. directors are agents b. shareholders are agents c. managers are principals d. shareholders are generally both principals and agents e. managers are agents

  • The board of directors of the Cortez Beach Yacht Club (CBYC) is developing plans to acquire...

    The board of directors of the Cortez Beach Yacht Club (CBYC) is developing plans to acquire more equipment for lessons and rentals and to expand club facilities. The board plans to purchase about $69,000 of new equipment each year and wants to begin a fund to purchase a $619,000 piece of property for club expansion. The club manager is concerned about the club's capability to purchase equipment and expand its facilities. One club member has agreed to help prepare the...

  • 1. Types of meetings From the board of directors to the office staff, meetings are commonplace...

    1. Types of meetings From the board of directors to the office staff, meetings are commonplace in companies and other organizations. For each situation below, identify the type of meeting described and the format(s) that could be used for the meeting. (Learning Objectives 1 and 2) a. The persons responsible for the overall direction of a company are meeting to b. A group of employees from one location are meeting to discuss the ongoing c. A group of employees from...

  • Typically, state taxable income includes: a. Apportionable income only. b. Nonapportionable income only. c. Both "Apportionable...

    Typically, state taxable income includes: a. Apportionable income only. b. Nonapportionable income only. c. Both "Apportionable income only" and "Nonapportionable income only". d. Neither "Apportionable income only" nor "Nonapportionable income only". Different terms are used in the computation.

  • 3) The board of directors of Craigco is looking to expand and has 3 potential investment...

    3) The board of directors of Craigco is looking to expand and has 3 potential investment opportunities. a. Implementation of new ordering software that will make the ordering process simpler for customers and employees b. A new product line with high profit margins and a strong market c. Creation of a charitable organization in the company's name that donates to a popular cause with the company's target market. d. A revamp of executive bonuses to better align management effort with...

  • 5 The Board of Directors announces on August 17, 2020 a $1.20 dividend to be paid...

    5 The Board of Directors announces on August 17, 2020 a $1.20 dividend to be paid to shareholders of record on Wednesday, August 26th, to be received on September 15th. Sarah Grosaner plans to purchase the stock and recieve the dividend. What is the last date Sarah can purchase the stock, and recieve the dividend a Wednesday August 26 b. Thursday August 27 c. Friday August 28 d. Monday August 31 e. none of the above 6 Theory that investors...

  • Which board(s) has (have) worked to implement fair value measurement for financial instruments? A. FASB, but...

    Which board(s) has (have) worked to implement fair value measurement for financial instruments? A. FASB, but not IASB. B. IASB, but not FASB. C. both FASB and IASB. D. neither FASB nor IASB

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
Active Questions
ADVERTISEMENT