Question:
In order to fulfill its responsibility of effectively overseeing management, the board must have a thorough understanding of the company, its business model and related risks, corporate culture, and the various interests the board represents.

Does it follow that "The board has to understand the business model."?
Answer:
yes

Question:
Bronx Legal Services is one of seven nonprofit groups in the city that contract with Legal Services of New York (LSNY) to provide legal services to the poor.

Does it follow that "Bronx Legal Services is the only legal service to do contract work with the Legal Services of New York."?
Answer:
no

Question:
If, during your tours of the big cities, you come acroseproducts you like from places you will be visiting later, such as Rajasthan, Varanasi, or Kashmir, wait until you get there the price and selection may be much better.

Does it follow that "Markups to cover the cost of delivering items to the larger cities account for the higher prices in cities."?
Answer:
it is not possible to tell

Question:
but i noticed now that several of the homes where the elderly folks that live there have either gone on or or moved or whatever

Does it follow that "I have noticed that the elderly folks that lived there are no longer around."?
Answer:
yes