The Board of Directors of a Corporation

question 51

Multiple Choice

The board of directors of a corporation:

• A) determines the capital structure and financial policy of the corporation.
• B) receives no salaries for services, although directors may receive a fee for attending board meetings.
• C) has the power to bind the corporation when acting as a unit or individually.
• D) All of these are correct.

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Definitions:

Community Participants

Individuals or groups actively involved in projects, activities, or initiatives within their community.

Specific Needs

Unique or particular requirements distinctive to an individual, group, or situation that must be addressed or fulfilled.

Macro Practice

A branch of social work focused on large-scale social changes and systemic issues, rather than individual or small group interventions.

Education Policies

Guidelines and principles that shape the educational system, including curriculum standards, teaching methodologies, and assessment methods.