A Board of Directors' Three Formal Responsibilities Are to Appoint

question 50

Multiple Choice

A board of directors' three formal responsibilities are to appoint the officers of the firm, oversee the affairs of the corporation, and ________.

• A) conduct the annual meeting
• B) provide funding for the firm
• C) submit the firm's annual report to the stockholders
• D) declare dividends
• E) write the firm's strategic plan

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