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:

Adrenocorticotropic Hormone

A hormone produced by the pituitary gland that stimulates the production and release of cortisol from the adrenal gland.

Hypothalamus

A small region of the brain that plays a crucial role in many important functions, including releasing hormones and regulating body temperature.

Pituitary Gland

A small endocrine gland in the brain that produces hormones regulating growth, metabolism, and reproductive functions.

Parasympathetic Nervous System

A division of the autonomic nervous system responsible for rest and digestion, counterbalancing the sympathetic nervous system.