Corporations Have Boards of Directors That Are Elected by

question 107

Multiple Choice

Corporations have boards of directors that are elected by

• A) Employees.
• B) Managers of all levels.
• C) Stockholders.
• D) Top managers.
• E) All stakeholders.

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Definitions:

Drawee

The party, usually a bank, required to pay the specified amount on a draft or check.

Drawer

The person or entity that writes and signs a check or draft, instructing the drawee (usually a bank) to pay the specified sum to the payee.

Payee

The individual or entity entitled to receive payment in a transaction.

Electronic Banking

The use of computer networks and digital technologies to conduct financial transactions and access banking services.