BUSI 300 QUIZ 3 LIBERTY
UNIVERSITY EXAM SCRIPT 2026
COMPLETE QUESTIONS AND
ACCURATE ANSWERS
◉ Which of the following are the duties of the board of directors?
A. Managing and executing the strategy of a company
B. Supervising middle and senior management
C. Hiring and firing staff
D. Evaluating and approving an annual budget. Answer: Evaluating and
approving an annual budget
◉ Which of the following is not a stakeholder of a nonprofit business?
A. Community
B. Competitors
C. Media
D. Public policy. Answer: Competitors
◉ Which employee typically reports directly to a board of directors?
A. chief legal officer
B. government liaison/lobbying director
C. chief executive officer
D. chief privacy officer. Answer: Chief executive officer
, ◉ In which functional areas of a business does the CEO typically do the
hiring?
A. Financial officer
B. secretarial staff
C. janitorial services
D. dining/food service. Answer: Financial officer
◉ Which of the following best describes the interplay of promises of
businesses to stakeholders and vice versa?
A. promise of quality that is greater than advertised
B. only accepting cash and not credit
C. supporting offshore philanthropy
D. on-time delivery and responsiveness. Answer: On-time delivery and
responsiveness
◉ Which of the following are stakeholders?
A. entities and people invested and influential in the success of an
organization
B. entities and people with one role at one time to care for a business
UNIVERSITY EXAM SCRIPT 2026
COMPLETE QUESTIONS AND
ACCURATE ANSWERS
◉ Which of the following are the duties of the board of directors?
A. Managing and executing the strategy of a company
B. Supervising middle and senior management
C. Hiring and firing staff
D. Evaluating and approving an annual budget. Answer: Evaluating and
approving an annual budget
◉ Which of the following is not a stakeholder of a nonprofit business?
A. Community
B. Competitors
C. Media
D. Public policy. Answer: Competitors
◉ Which employee typically reports directly to a board of directors?
A. chief legal officer
B. government liaison/lobbying director
C. chief executive officer
D. chief privacy officer. Answer: Chief executive officer
, ◉ In which functional areas of a business does the CEO typically do the
hiring?
A. Financial officer
B. secretarial staff
C. janitorial services
D. dining/food service. Answer: Financial officer
◉ Which of the following best describes the interplay of promises of
businesses to stakeholders and vice versa?
A. promise of quality that is greater than advertised
B. only accepting cash and not credit
C. supporting offshore philanthropy
D. on-time delivery and responsiveness. Answer: On-time delivery and
responsiveness
◉ Which of the following are stakeholders?
A. entities and people invested and influential in the success of an
organization
B. entities and people with one role at one time to care for a business
