Which of the Following Is the Top Governing Body of a Corporation

question 50

Multiple Choice

Which of the following is the top governing body of a corporation?

• A) incorporators
• B) management
• C) officers
• D) board of directors

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Definitions:

Semiannual

Occurring twice a year; a term often used in the context of payments, reporting periods, or interest calculations.

Par Value

A nominal value assigned to a share of stock in the charter of a corporation, unrelated to market value.

Effective Interest Amortization

A method of allocating loan interest payments over the life of the loan, taking into account the varying principal amounts.

Interest Expense

The cost incurred by an entity for borrowed funds over a period of time, typically expressed as an annual rate.