Interlocking directorates refers to a situation where:
A. A director of one firm is also a board member of a competing firm
B. Members of the Board of Directors of a firm could not agree on a clear strategy for the firm
C. Competing firms have separate and different members in their boards
D. A company's board splits into two rival camps locked in constant struggle
A. A director of one firm is also a board member of a competing firm
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The demand for Mexican tomatoes by an American food grocery chain creates a
A) demand for the U.S. dollar. B) demand for an interest rate differential. C) supply of Mexican pesos. D) supply of U.S. dollars.
Of the three major categories of consumption, ________ is the most volatile because their purchase ________
A) services; is sensitive to income levels B) nondurables; is sensitive to income levels C) durables; can be postponed when incomes decline D) durables; they are necessities