The Board of Directors of a Corporation Are Elected By

question 278

Multiple Choice

The board of directors of a corporation are elected by:

• A) top managers
• B) the president
• C) current board members
• D) the president and current board members jointly
• E) none of the other choices

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Definitions:

Cost of Goods Sold

Direct expenditures linked to the creation of goods sold by a business.

Calculate

To determine something mathematically, such as a sum, total, or other numeric value.

Period

A length of time in financial accounting, often used to report earnings or track expenses, such as a quarter or fiscal year.

Days' Sales

A financial metric measuring the average time in days that a company takes to sell its inventory, indicating the efficiency of its sales and inventory management.