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Basic Question 1 of 8

A management board typically exists in a ______ board structure.

A. one-tier
B. two-tier
C. three-tier

User Contributed Comments 3

User Comment
nemanjad88 There is nothing about this in AN Study Notes...
khalifa92 well it is in the quizz sammury to remind us to check it up.
khalifa92 one-tier structure consists of a single board of directors, composed of executive and non-executive directors, commonly used in United States and United Kingdom.

two-tier stracture consists of two seperate boards:
1- Supervisory board (non-exectutive), which oversees the
2- Management board (executive).
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You have a wonderful website and definitely should take some credit for your members' outstanding grades.
Colin Sampaleanu

Colin Sampaleanu

Learning Outcome Statements

describe the classification, measurement, and disclosure under International Financial Reporting Standards (IFRS) for 1) investments in financial assets, 2) investments in associates, 3) joint ventures, 4) business combinations, and 5) special purpose and variable interest entities;

distinguish between IFRS and US GAAP in their classification, measurement, and disclosure of investments in financial assets, investments in associates, joint ventures, business combinations, and special purpose and variable interest entities;

analyze how different methods used to account for intercorporate investments affect financial statements and ratios.

CFA® 2025 Level II Curriculum, Volume 2, Module 10.