Search Header Logo
Actions by Corporate Board

Actions by Corporate Board

Assessment

Interactive Video

Business

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

Boards of directors typically take action through meetings where they issue resolutions recorded in minutes. However, in closely held corporations, actions can also be taken through unanimous consents, which are agreements signed by shareholders or directors outside of meetings. These actions are later recorded to formalize them. Both meetings and written consents are common methods for directors to make decisions.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary method by which boards of directors take action?

Via social media platforms

By holding meetings and issuing resolutions

Through informal discussions

Through email communication

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In closely held corporations, what is a common alternative to holding meetings for decision-making?

Teleconferences

Consents

Board retreats

Public announcements

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is typically required for consents to be valid?

Majority approval

A formal ceremony

Unanimous agreement

Approval from the CEO

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How are actions taken through consents typically recorded?

In a private journal

During a subsequent meeting

Through a press release

In a public forum

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the two general methods by which directors make decisions?

By voting or drawing lots

Through public voting or surveys

Through meetings or written consents

Via phone calls or emails

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?