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NISA [10]
3 years ago
15

Sorenson LLC, a publicly traded company, has ten members on its board. Of the ten members, six members are employees of the comp

any—including the CEO, who also chairs the board. The board has been failing in its responsibilities toward the shareholders, who now want a new board. Assuming that the total number of board members remains constant, how many outside directors should the shareholders appoint to Sorenson's board to achieve board independence?
Business
1 answer:
Vesnalui [34]3 years ago
8 0

Answer:

D. 7

Explanation:

Based on the information provided within the question it can be said that they need to appoint a total of 7 outside board members to achieve board independence. This is because in order to achieve board independence the board needs to consist of more members that are not employees than those who are. This is because votes need to be made in accordance to what is best for the company and shareholders, which may not always be best for the employees. Therefore when voting the employees may be biased.

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8 0
3 years ago
Carol has worked for Centrum Springs, Inc., for many years and has now been given the opportunity to advance in the company. Her
levacccp [35]

Answer:

controlling, organizing, planning, and leading

Explanation:

From the question we are informed that Carol's manager is retiring and she will take over. And she will take over management position. Carol needs to have a general understanding of what it takes to be a manager. Therefore in this case, She will need to have knowledge about ✓controlling

✓organizing

✓planning

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And all of these are managerial function which are managerial job role as regards to task-based perspective.

Organizing can be regarded as function of management which requires development of organizational structure as well as allocation of human resources so that objective of organization can be met

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delegation of responsibilities, allocation of employee resources

7 0
3 years ago
How often do most entrepreneurs
madam [21]

Answer:

B. they spend every other day making decisions, because with every passing day trends changes.

7 0
3 years ago
Which of these is an example of a financial asset?
kirza4 [7]

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bonds

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