Which of the Following Statement Is Correct Regarding Control of the fiRm

question 102

Multiple Choice

Which of the following statement is correct regarding control of the firm?

• A) Control of the firm ultimately rests with shareholders. They elect the board of directors, who, in turn, hire and fire management.
• B) Control of the firm ultimately rests with board of directors. They elect the management, who, in turn, lead the company.
• C) Control of the firm rests with the executives that oversea the strategic planning.
• D) Control of the firm rests with regulatory bodies working in unison with executives.
• E) Control of the firm rests with government agencies and regulatory bodies working in unison with the board of directors.