need answer. I attach part#A and PART#b Send me the answers for both

5 Question Which of the following statements are true regarding the board of directors? The audit and compensation committees must be chaired by outsiders. Boards are more effective when the same person acts as the CEO and Chairman of the board. Firms are more likely to pursue their own interests when there is a higher percentage of outsiders on the board. All corporations are required to audit their financial statements annually. [ > Which of the following is an example of adverse selection? Hiring a new babysitter to watch your children. Flying first class instead of coach when the company is paying for the ticket. Watching re-runs of your favorite TV show. Going to Las Vegas and betting that the roulette will lands on red