Question 11 pts

Today, boards of directors are concerned primarily with monitoring the decisions made by managers on behalf of the company.

Group of answer choices

True

False

Question 12 pts

As fiduciaries, members of a company's board of directors are fundamentally expected to:

Group of answer choices

use both due care and loyalty in acting on behalf of the best interests of the organization

resolve issues before they become reputation or legal risks

reconcile differences in quality standards

pay all criminal fines incurred by the business

Question 13 pts

A _______________ gives a shareholder the right to buy or sell a stock at a set price for a certain amount of time.

Group of answer choices

performance target

buyback

stock option

bailout

Question 14 pts

Which of the following is one of the responsibilities that will affect boards of directors in the future?

Group of answer choices

The selection of board members must become increasingly formalized, with less emphasis on personal networks and word of mouth.

Boards will make more and more of the daily decisions in a company.

Serving on boards will require less of a commitment than in the past.

Board members will be paid more compensation due to their increase in duties.

Question 15 pts

Many boards of directors believe that the United States has a problem in that executive pay _______________.

Group of answer choices

is too low

is not necessary

does not highlight the executive's ability

is not in line with performance