The Board of Directors sets company-wide policy and advices the CEO and other senior executies, who manage the company's:
Correct answer: C. Day-to-Day activities
- A. Managerial activities
- B. Year-to-Year activities
- C. Day-to-Day activities
- D. Financial activitiesHire An Accountant
Explanation
The board establishes broad policy and provides oversight, while the CEO and senior executives implement those policies through the company’s day-to-day activities. Financial activities are only one part of their responsibilities.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Business Finance
Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
Practise Business Finance
975 free Business Finance MCQs from Management Sciences, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Management Sciences questions like this
Management Sciences is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Business Finance questions
A major facet of financial management involves providing the financing necessary to support:
The market price of a firm's stock represents the focal judgment of all market participants as to the value of the:
Agency theory suggests that managers(the agents), particularly those of large , publically-owned firms, may have different objectives from those of the:
The system by which companies are managed and controlled is known as:
Corporate governance encompasses the relationship among a company's:
All the constituencies with a stake in the fortunes of the company are termed as: