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aliina [53]
11 months ago
12

Generally, a board member who is a source of information about a firm's day-to-day activities is classified as a(n) __________ d

irector
Business
1 answer:
kvasek [131]11 months ago
4 0

Generally, a board member who is a source of information about a firm's day-to-day activities is classified as a(n)<u> inside </u>director.

A director is a person on the company's board of directors who acts as the governing body of the organization. The board of directors, often elected by the company's shareholders, creates policy for the company as a whole and oversees leadership positions in the organization. They guide, advise and run the organization.

Board members are part of the governing body of the organization. Committed to the long-term interests of the organization, they meet regularly to oversee and direct operations, set policy, approve business decisions, evaluate operating performance, and carry out fiduciary responsibilities.

The board membership application process includes several steps. In most corporate boards, a nominating committee interviews candidates and decides who should join the board. Board members then vote on whether to elect the candidate selected by the nominating committee.

Disclaimer: Learn more about board members here  brainly.com/question/28140899

#SPJ4

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The Retained earnings account has a credit balance of $23,800 before closing entries are made. Of total revenues for the period
skelet666 [1.2K]

Answer:

The ending balance in the retained earnings account is $31400.

Explanation:

The ending balance in the retained earnings accounts is equal to the opening balance of the retained earnings account plus the addition to the retained earnings for the year.

The addition to retained earnings will be the Net income less dividends.

The net income for the year was = 75200 - 55000 = $20200

Addition to Retained earnings = 20200 - 12600   = $7600

Closing balance of retained earnings = 23800 + 7600  = $31400

4 0
3 years ago
Suppose Hyperpolis’s GDP increases by 15% and its inflation rate is 12%, while Superpolis’s GDP increases by 6% and its inflatio
strojnjashka [21]

Answer: c) Both economies grew at the same rate

Explanation:

The faster growing economy would be the one that saw a greater increase in Real GDP than the other.

Real GDP growth = Nominal GDP growth - Inflation growth.

Hyperpolis Real GDP growth = 15% - 12%

Hyperpolis Real GDP growth = 3%

Superpolis Real GDP growth = 6% - 3%

Superpolis Real GDP growth = 3%

<em>Both countries grew at the same rate of 3%. </em>

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What must you know in order to serve alcohol responsibly and legally in all situations?
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1 year ago
In the market experiment with​ taxes, after the excise tax is imposed on the market A. the price paid by buyers decreases and th
aleksley [76]

Answer:

C. the price paid by buyers increases and the price received by sellers decreases

Explanation:

In the market experiment with​ taxes, after the excise tax is imposed on the market the price paid by buyers increases and the price received by sellers decreases

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