Which of the Following Is Consistent with the American View

question 97

Multiple Choice

Which of the following is consistent with the American view of the independent enterprise?

• A) A corporation should fall under the control of the state government.
• B) A corporation is an entity that has rules and continuity of existence.
• C) The largest proportion of a corporation's profits must go to social causes.
• D) A company should be equally owned by all employees and stakeholders.
• E) Corporations do not take precedence over family and social relationships.

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Definitions:

Governance Committee

A governance committee is a group within an organization responsible for overseeing the overall governance structure, ensuring ethical, legal, and functional frameworks are in place and followed.

Manage

To oversee or control the operation, use, or conduct of something or someone, typically in a professional environment.

Hybrid Boards

Governance structures that combine elements of both nonprofit and for-profit boards of directors, typically found in social enterprises.

Elected Members

Individuals chosen through a voting process to hold a particular office or position, typically within governmental or organizational frameworks.