The Ultimate Power to Control a Company Rests with The

question 43

Multiple Choice

The ultimate power to control a company rests with the:

• A) the mangers.
• B) the shareholders.
• C) the board of directors.
• D) the Chief Financial Officer (CFO).

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Definitions:

Representations

Statements or assertions made by one party to another, often regarding the condition or status of something, which can impact agreements or contracts.

Innocent Misrepresentation

A misrepresentation made without fault or knowledge of its falsity, which may allow the misled party to void the contract but not claim damages.

Intentionally Deceptive

Deliberately misleading actions or statements designed to make someone believe something that is not true.

Ratification

The action of officially approving or confirming a previous act or decision, which was made without authorization or was otherwise questionable, to make it legally valid.