Which of the Following Persons or Groups Have the Ultimate

question 49

Multiple Choice

Which of the following persons or groups have the ultimate control of a corporation?

• A) the chief executive officer
• B) the board of directors
• C) the audit committee
• D) the shareholders

---

Definitions:

Chief Financial Officer

The executive responsible for managing the financial actions of a company, including financial planning, management of financial risks, and financial reporting.

Top Managers

Individuals who hold the highest-level administrative positions in an organization, responsible for setting strategic goals and making significant decisions.

Clinic Directors

Professionals responsible for managing the operations and administration of healthcare or medical clinics, ensuring effective service delivery.

Middle Managers

Employees who manage the functions of lower-level managers and report to upper management, responsible for implementing organizational policies and strategies.