Shareholders of a Corporation Directly Elect

question 125

Multiple Choice

Shareholders of a corporation directly elect

• A) the president of the corporation.
• B) the board of directors.
• C) the controller of the corporation.
• D) all of the employees of the corporation.

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Definitions:

Federal Trade Commission

A U.S. federal agency established to protect consumers and to ensure a strong competitive market by enforcing antitrust and consumer protection laws.

Breach of Warranty

Occurs when a seller fails to fulfill the terms of a promise, claim, or representation made about the quality or type of product.

Stolen

An item that has been taken without permission or legal right, typically without the owner's consent.

Sue

The act of bringing a lawsuit against someone or something, initiating legal proceedings in a court of law.