The Revised Act States That "All Corporate Powers Shall Be

question 64

Multiple Choice

The Revised Act states that "all corporate powers shall be exercised by or under the authority of,and the business and affairs of the corporation managed under the direction of ":

• A) the shareholders of the corporation.
• B) the chief executive officer of the corporation.
• C) the officers of the corporation.
• D) the board of directors of the corporation.

---

Definitions:

Inbreeding

In a professional context, the practice of repeatedly selecting internal candidates for vacancies, which can limit diversity and fresh ideas.

Recruiting Process Outsourcing

The practice of outsourcing an organization’s recruiting function to an outside firm

Core Functions

Fundamental activities or duties that are central to the purpose or operation of an organization or job position.

Small Businesses

Enterprises with a small number of employees and relatively low volume of sales, typically privately owned and operated.