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kirill115 [55]
2 years ago
13

The board of directors oversees and ratifies strategic decisions and evaluates, rewards, and, if necessary, penalizes top manage

rs. a. True b. False
Business
1 answer:
Elina [12.6K]2 years ago
8 0

The given statement, "The board of directors oversees and ratifies strategic decisions and evaluates, rewards, and, if necessary, penalizes top managers" is true

<u>Explanation: </u>

A board of directors is a team of experts elected by stockholders of a company to serve the interest of the stockholders and ensure that the company management behaves on their behalf. The Chairperson or Chairman of the Board is the head of the Board of Directors.

The board of directors supervises and ratifies strategic decisions as intermediaries between the owners and managers and reviews, awards and, if required, punishes top management.

These includes the following,

  1. Composition  
  2. Leadership structure
  3. Interlocks

The Board decides on the employment and recruitment of employees, share price measures, payments, and employee compensation.

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A local finance company quotes a 17 percent interest rate on one-year loans. So, if you borrow $20,000, the interest for the yea
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1. Is this a 17 percent loan?

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2. What rate would legally have to be quoted?

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3. What is the effective annual rate?

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