In a Corporation,which Is the Proper Relationship Between the Two

question 12

Multiple Choice

In a corporation,which is the proper relationship between the two groups mentioned in each selection below?

• A) The senior manager selects the members of the board.
• B) The shareholders select the senior managers, who then select the board members.
• C) The key employees select the shareholders.
• D) Shareholders elect the board of directors, who oversee the management team.
• E) The board of directors selects the shareholders.

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Definitions:

Supply Chain Managers

Are professionals responsible for overseeing and managing every stage of the production flow, from the acquisition of raw materials to the delivery of the final product.

Offshoring

The practice of relocating business operations from the home country to another country, often to take advantage of lower labor costs.

Total Cost

The aggregate expense associated with producing or acquiring goods or services, including fixed and variable costs.

Expected Profit

The forecasted financial gain from a business activity, calculated as anticipated revenue minus expected costs.