The Group of Individuals Elected by the Stockholders to Oversee

question 38

Multiple Choice

The group of individuals elected by the stockholders to oversee the general operation of a corporation are known as the

• A) middle managers.
• B) top managers.
• C) board of directors.
• D) shareholders.
• E) owners.

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Definitions:

Units

Basic quantities or measures adopted to quantify and measure goods, services, or any other items.

Production Function

A mathematical representation that explains how inputs in production are related to the goods or services produced.

Proportions

Ratios or fractions that express the relationship of one part to another or to the whole with respect to quantity, size, or amount.

Profit

The financial gain achieved when the revenue from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.