Question

The board of directors is typically responsible for​ ________. A. arranging finance for approved longminus term investments B. maintaining and controlling the​ firm's daily cash balances C. approving strategic goals and plans D. managing dayminus tominusday operations

Answer 1

Answer: C) approving strategic goals and plans

Explanation:

Board of directors is the team of organization members that represent intersect and desire of shareholders and stakeholders.They perform meetings and discussion to make decision about company policy.The functions performed by team members are producing stock option plan,scheme for goal achievement approval and other major decision about management of company.

Other options are incorrect because finance arrangement, management of cash balance and function day-minus operations are not the task performed by board of directors. Thus, the correct option is option(C).