21. The proper roles expected of the board of directors of a corporation include which of the follow

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21. The proper roles expected of the board of directors of a corporation include which of the following?A. Guarantors, guardians, and fiduciariesB. Custodians, guardians, and stewardsC. Guardians, protectors, guarantorsD. Officers, custodians, and owners22. A recent regulatory audit of RBI Financial Corporation revealed that the company is in compliancewith six new regulations and noncompliance with three new rules. The RBI legal counsel gathered thefollowing financial data with the cooperation of functional management. All data is in thousands (k).Cost of planning$5KCost of hiring employees$10KFines and penalties$100KCost of training $6KCost of implementation $20KCourt costs$1KCost of reporting$2KCost of legal fees$15KReputation costs$50KWhat is the out-of-pocket cost of noncompliance for the RBI Corporation?A. $116kB. $129kC. $166kD. $121k23. Which of the following represents the costs associated with safety stock as a cushion?A. OrderingB. Stock-outC. QualityD. Carrying24. What are the core functions of business organizations?A. Sales, service, finance, and information technologyB. Marketing, accounting, manufacturing, and human resourcesC. Manufacturing, service, marketing, and salesD. Accounting, finance, human resources, and information technology25. Regarding product mix, brand name is a part ofA. product.B. price.C. place.D. promotion 26. Job performance is affected by motivation andA. strategy.B. ability.C. leadership.D. training.27. Employees provide the _______ line of defense to security breaches.A. lastB. secondC. thirdD. first28. Which of the following represents the correct sequence of tasks in the human resourcesdepartment?A. Job specifications ? Job analysis ? Job design ? Job descriptionB. Job design ? Job analysis ? Job description ? Job specificationsC. Job analysis ? Job design ? Job specifications ? Job descriptionD. Job description ? Job analysis ? Job design ? Job specifications29. Regular payback period is defined as theA. average annual profits divided by initial cash outlay.B. present value of cash inflows divided by present value of cash outflows.C. present value of benefits minus present value of costs.D. net investment divided by average cash inflows.30. Which of the following represents the correct sequence?A. Strategy ? Goals ? Policy ?MissionB. Mission ? Goals ? Strategy ? PolicyC. Policy ? Strategy ? Mission ? GoalsD. Goals ? Mission ? Policy ? Strategy31. A partial cash budget for BRP Corporation is shown below in millions (M).Cash receipts $2MBeginning cash balance $1MMinimum cash balance required$1.75MCash disbursements$3MWhat is the cash shortage or surplus amount for the BRP Corporation?A. Cash shortage of $1.75MB. Cash surplus of $1.75M C. Cash surplus of $2.0M D. Cash shortage of $2.0M 32. Higher-level managers needA. less soft skills and more hard skills.B. average soft skills and average hard skills.C. no soft skills and all hard skills.D. more soft skills and less hard skills.33. Which of the following bases of power is based on an individual’s charisma?A. LegitimateB. ReferentC. CoerciveD. Reward34. The Securities Act of 1933 focuses on _______ transactions.A. over-the-counterB. computer tradingC. primaryD. secondary35. Backward or reverse electronic auction occurs betweenA. many buyers and many sellers.B. one buyer and many sellers.C. one seller and many buyers.D. one buyer and one seller.36. Marketing and sales management should focus more on doingA. cross-selling and lateral-selling.B. lateral-selling and down-selling.C. up-selling and cross-selling.D. up-selling and down-selling.37. Regarding global business, the “most favored nation” trading status meansA. poor member countries charge higher tariffs on imported goods.B. rich member countries charge lower tariffs on imported goods.C. all member countries charge the same tariffs on imported goods.D. non-member countries charge average tariffs on imported goods.