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Board Functions Quiz
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Board Functions Quiz

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Questions and Answers

Functions of the Board: There are four main functions of a board: ______, ______, ______, and ______ (Tricket, 2019)

Accountability, strategy formulation, monitoring and supervising, and policy-making

External perspective: Provide ______

accountability

Internal perspective: Monitor and ______

supervise

Set ______

<p>policy</p> Signup and view all the answers

Time reference: Past and ______

<p>current</p> Signup and view all the answers

True or false: The board of an organization is accountable only to its shareholders.

<p>False</p> Signup and view all the answers

True or false: One of the functions of the board is to formulate strategy.

<p>True</p> Signup and view all the answers

True or false: Monitoring and supervision is an internal perspective of the board.

<p>True</p> Signup and view all the answers

True or false: The board is responsible for setting policy management.

<p>True</p> Signup and view all the answers

True or false: Accountability is important for the success or failure of an organization.

<p>True</p> Signup and view all the answers

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