Question

Frank Buckman sits on the board of directors for seven oil companies and three corporations that manufacture oil rigs and oil-producing machinery. Several of his closest business associates belong to the same boards. Such a scenario is an example of a(n) ________.

Answer 1

Interlocking direcorate

Step-by-step explanation:

Interlocking direcorate -

It is the practice or the method of the members of the corporate board of directors serving on the board of multiple corporations , is known as the Interlocking directorate .

In this case , the person can sit on multiple board , known as the multiple director .

Hence , from the question , the scenario illustrated in the question is of Interlocking direcorate .