Which of the Following Statements About Corporate Decision Making Is

question 43

Multiple Choice

Which of the following statements about corporate decision making is most accurate?

• A)Decisions by directors must be approved by shareholders.
• B)Decisions by directors or shareholders are decisions of the company itself.
• C)Directors are the agents of the shareholders.
• D)Directors have the power to override the decisions of shareholders.

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Definitions:

Concepts

Are abstract terms used to organize concrete experience.

Examples

Specific instances or cases used to illustrate or explain a broader concept or principle.

Inefficiencies

The lack of effectiveness or productivity in a system, process, or mechanism, leading to waste or the failure to achieve potential output.

Bureaucracies

Complex organizations structured hierarchically, governed by formal rules and procedures, typically within government or large institutions.