Which of the Following Statement Is Correct Regarding Control of the Firm

question 75

Multiple Choice

Which of the following statement is correct regarding control of the firm?

• A) Control of the firm ultimately rests with shareholders. They elect the board of directors, who then hire and fire management.
• B) Control of the firm ultimately rests with board of directors. They elect the management, who lead the company.
• C) Control of the firm rests with the executives that oversea the strategic planning.
• D) Control of the firm rests with regulatory bodies working in unison with executives.
• E) Control of the firm rests with government agencies and regulatory bodies working in unison with the board of directors.

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Definitions:

Political Processes

The mechanisms, methods, and dynamics through which political decisions are made and how power and influence are exercised and contested.

Vulnerable Population

Groups of people who are at increased risk of suffering health disparities or harm due to socioeconomic, geographic, age, health status, or other factors.

Limited English

Describes individuals who have not mastered proficiency in English, often affecting their ability to communicate effectively in predominantly English-speaking contexts.

Immigrant

An individual who moves to a new country with the intention of settling there.