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:

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A term used to describe resistance or opposition from conservative groups or political parties against progressive or liberal policies and reforms.

Radical Opposition

Refers to the groups or individuals who adopt extreme measures or views to oppose or reform a prevailing system or government.

First New Deal

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