Final answer:
The board of directors agrees with the Reflective view of management.
Step-by-step explanation:
The correct answer is Reflective.
When the board of directors fires the CEO after the stock price decline, it indicates that they agree with the Reflective view of management. The Reflective view suggests that the CEO is responsible for the company's performance and should be held accountable. By firing the CEO, the board is acknowledging that the management's decisions and actions have led to the problems the company is facing.