Asked by Cristian Garcia on May 27, 2024
Verified
Bhat is elected as a director to the board of Crispy Treats Inc. He will most likely serve for a term of one
A) decade.
B) four-year period.
C) lifetime.
D) year.
Four-Year Period
A specified duration of time encompassing four consecutive years, often referenced in contracts, warranties, or statutes of limitation.
Decade
A period of ten years.
- Acquire knowledge about the process and criteria involved in electing board members and determining the board composition.
Verified Answer
AM
Atlegang MogaleMay 28, 2024
Final Answer :
D
Explanation :
Directors on a board typically serve for a term of one year, after which they may be re-elected or replaced. This is a standard practice to ensure flexibility and adaptability in governance.
Learning Objectives
- Acquire knowledge about the process and criteria involved in electing board members and determining the board composition.
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