The Revised Act States That "All Corporate Powers Shall Be

question 64

Multiple Choice

The Revised Act states that "all corporate powers shall be exercised by or under the authority of,and the business and affairs of the corporation managed under the direction of ":

• A) the shareholders of the corporation.
• B) the chief executive officer of the corporation.
• C) the officers of the corporation.
• D) the board of directors of the corporation.

---

Definitions:

Market-Oriented Economic Development

A strategy that emphasizes adapting products and services to consumer preferences and market demands to foster economic growth.

Currency Exchange Policies

Regulations and practices governing the exchange of one country's currency for another, influencing international trade and economic stability.

Pricing Strategies

Comprehensive plans developed to find the optimal price point to maximize sales and profits while considering costs, competition, and customer demand.

Capital

In economics, capital refers to financial assets or the financial value of assets, such as funds held in deposit accounts, as well as the physical factors of production and facilities.