Which of the Following Statements Best Describes the Responsibilities of Directors

question 12

Multiple Choice

Which of the following statements best describes the responsibilities of directors under the Canada Business Corporations Act?

• A)Directors are responsible for managing or supervising the management of the business of the corporation and its internal affairs.
• B)Directors are responsible only for those matters delegated to them by shareholders.
• C)Directors are responsible only for those management activities that they do not delegated to officers.
• D)Directors have no management responsibilities because they are only responsible for supervising others who actually manage the corporation.
• E)Directors are responsible only for the internal affairs of the corporation, such as declaring dividends and issuing shares.

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Definitions:

Affiliation Needs

The human desire to feel a sense of involvement and belonging within a social group.

Achievement Needs

An individual's need for success and accomplishment, often driving motivation and goal-oriented behavior.

Safety Needs

A level in Maslow's hierarchy of needs that encompasses security, protection, and freedom from fear and anxiety.

Gender-Neutral

A term that refers to language and practices that avoid discrimination by not distinguishing roles according to people's sex or gender.