Which Statements About Corporate Stakeholders and Their Primary Power Are

question 33

Multiple Choice

Which statements about corporate stakeholders and their primary power are correct?

• A)The stockholders are only individuals and do not include institutional investors.
• B)The stockholders are the legal owners of the corporation. Their primary power is to select the corporate board of directors.
• C)Managers plan, organize, lead, and control a firm's resources to achieve corporate goals. Their primary power is to control day-to-day operations.
• D)Employees do the work to provide the products and other functions. Their primary power includes collective bargaining and striking.
• E)The board of directors provides strategic direction and governance and oversees the managers of the corporation. The board's primary power is to select, advise, supervise, and evaluate the top managers.

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Definitions:

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Sigmund Freud

An Austrian neurologist who is known as the founding father of psychoanalysis, a method for treating psychopathology.

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A prominent psychologist known for his work in child development, particularly in the area of temperament.

Nature-Nurture Controversy

An ongoing debate regarding the relative contributions of genetic inheritance (nature) and environmental factors (nurture) to human development.