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:

Parasympathetic Division

A branch of the autonomic nervous system responsible for stimulating "rest-and-digest" or calming activities, reducing the body's stress response.

Autonomic Nervous System

The part of the nervous system that controls involuntary actions of the smooth muscles and heart and glands, regulating functions such as heart rate, digestion, respiratory rate, and pupillary response.

Sympathetic Division

Part of the autonomic nervous system that prepares the body for fight-or-flight responses, increasing heart rate and blood pressure, among other effects.

Overactive Thyroid

A condition, also known as hyperthyroidism, where the thyroid gland produces excessive amounts of thyroid hormones, leading to various health issues.