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The board of directors is typically responsible for​ ________. A. managing dayminustominusday operations B. approving strategic goals and plans C. arranging finance for approved longminusterm investments D. maintaining and controlling the​ firm's daily cash balances

Respuesta :

msillitti

Answer:

B: Approving Strategic goals and plans

Explanation:

The BOD meets frecuently to revise and define the Strategy  and take the most relevant decitions of the company   . The members of the BOD are the shareholders representatives in the busines.

ogechukwubenedict

Answer: B. Approving strategic goals and plans

Explanation: the Board of Directors typically play roles in guiding staff and volunteers in allocating resources, developing budgets as well as work plans. They also provides information to key stakeholders. Board of directors' role also include approving strategy and the strategic plan which is done at least once a year. In addition to these, they play vital roles in setting broad goals, supporting executive duties, and ensuring the company has adequate, well-managed resources at its disposal at every point in time.