The Board of Directors for a Corporation Is Elected by Its

question 213

Multiple Choice

The board of directors for a corporation is elected by its:

• A)Creditors.
• B)Stockholders.
• C)Managers.
• D)Employees.

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Definitions:

Inelastic Demand

A situation where the demand for a product does not significantly change with a change in its price.

Elastic Supply

A situation where the quantity supplied of a good changes significantly as the price changes.

Tax Burden

The total amount of tax that individuals, businesses, or other entities must pay to authorities, often expressed as a percentage of income or revenue.

Inelastic Demand

A situation where the demand for a good or service is not significantly changed by changes in price.