QUESTION 3 Which ONE of the following is the primary mission of a board of directors in a corporation? O a. To protect society's best interests. b. To provide advice to the top managers of the company. C. To ensure that top managers are acting in the best interests of the stockholders d. None of the answers are correct. Oe. To protect top managers from shareholders pressures and defend them against criticism. QUESTION 4 Which of the following does not reflect the advantages of credit rating to companies? a. Credit rating helps a company to invest in profitable projects that would otherwise not be possible. b. Companies with high credit rating for their debt instruments will gain easier access to capital markets and enjoy lower funding costs. None of the answers are correct. d. Credit rating enables a company to grow and expand. This is because better credit rating will enable a company to get finance easily for growth and expansion. e. Credit rating helps to improve the corporate image of a company