Collision insurance covers damages to a car in a natural disaster

Which of the following is an example of a conflict of interest that an effective corporate governance system would mitigate or eliminate?

A) A majority of the board is independent of management B) Directors identify with the managers' interests rather than those of the shareholders. C) Directors have board experience with companies regarded as having sound governance practices.

When you purchase a product that is sold "as is," the product is

A) subject to the guarantees as stated in a written document. B) not covered by either an implied nor express warranty. C) only covered by an implied warranty. D) provided lemon protection.