The Ultimate Responsibility for a Corporation Rests With

question 156

Multiple Choice

The ultimate responsibility for a corporation rests with:

• A) The Chairman of the Board.
• B) The Board of Directors.
• C) The Chief Operations Officer.
• D) The stockholders.
• E) The stakeholders.

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Definitions:

Sociocultural

The combination of social and cultural factors that affect individual development.

Demographic

Statistical data relating to the population and the particular groups within it, used in marketing, planning, and social studies.

Technological

Relating to or involving technology, especially in the context of new developments.

Adjusted Gross Income

An individual's total gross income minus specific deductions, used in the United States tax system to determine how much income is taxable.