Who among the following is responsible for making business strategies in a large conglomerate?

a. the board of directors at the headquarters
b. the shareholder of the company
c. the lower-level employees in the company
d. the general managers of individual business units

Option A

Explanation:

A board of directors refers to a group of individuals chosen by all the shareholders of the business to represent the needs of such shareholders and to guarantee that the senior management is working on their side. The president is generally the chairman.

Directors conduct council meetings, analyze managerial efficiency, make major judgments (such as purchasing or exiting the company), approve dividends, develop deferred compensation plans (including granting rewards to key executives) and set up corporate governance packages. Management boards sometimes have many councils devoted to subprograms of choice-making.

Thus, from the above we can conclude that the correct option is A.

$209

Explanation:

Calculation to determine the service cost component of pension expense for the year ended December 31

Projected benefit obligation, December 31 500

Add Benefit payments to retirees, December 31 $61

Less Interest cost ($32)

(10%$320)

Less Projected benefit obligation, January 1 ($320)

Service cost $209

($500+$61-$32-$320)

Therefore the service cost component of pension expense for the year ended December 31 will be $209