Canadian Securities Course (CSC) Level 1 Practice Exam

What responsibilities would a director of a company have?

1. Setting company policies

2. Approving annual leave requests

3. Responsible for marketing strategies

4. Creating product designs

The correct answer is: Setting company policies

The correct answer is A: Setting company policies. Directors of a company are responsible for setting the overall direction and policies of the organization. This includes making key decisions related to the company's strategies, goals, and operations. Directors are typically not involved in day-to-day tasks such as approving annual leave requests, creating product designs, or being directly responsible for marketing strategies, as these activities are usually managed by the company's management team.