The chairman of the board: "We are meeting our goals for the quarter. How should we best use our profits?"
Explanation:
The above sentence does not introduce a quotation correctly.
The quotation mark is known to be a punctuation mark that is used in setting off and representing exact language which was made by somebody else. The language made by the person may be written or spoken. We find the use of quotation marks in fictional work when it is used to designate speech acts.
In the above selected sentence, we see that the colon follows after "the chairman of the board" without clarifying if he is making the statement that follows after the colon.
