The Board of Directors of a Corporation

question 57

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:

Name

In the context of computing and databases, it refers to a unique identifier assigned to entities such as files, variables, functions, and other elements.

BackColor Property

In programming, a property that specifies the background color of a graphical user interface element.

ActiveX Control

A software framework created by Microsoft that enables programs to add functionality to Windows programs and the web.

Developer

A professional involved in creating, designing, and maintaining software, websites, or applications, skilled in one or more programming languages.