Who Is Responsible for Setting the Long-Range Objectives of a Corporation

question 37

Multiple Choice

Who is responsible for setting the long-range objectives of a corporation?

• A)Sole proprietors
• B)Preferred stockholders
• C)Board of directors
• D)Customers
• E)External auditors

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Definitions:

Communication Model

A theoretical framework that describes the process of exchanging information, including elements such as sender, message, medium, receiver, and feedback.

Ethical Decision

A choice made based on moral principles and values, considering the impact on all stakeholders involved.

Transparency

Refers to the quality of being easily seen through or detected; in business and governance, it often implies openness, communication, and accountability.

Business Communications

The exchange of information and ideas between people within and outside an organization through various mediums to achieve business goals.