Regarding the Separation of Corporate Ownership and Management, Which of the Following

question 71

Multiple Choice

Regarding the separation of corporate ownership and management, which of the following is a true statement?

• A) The corporate officers elect the board of directors.
• B) The corporation runs better with day-to-day input from stockholders.
• C) Stockholders are required to manage the business.
• D) Stockholders own the business, but a board of directors appoints corporate officers to manage the business.

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Definitions:

Process Layout

A way of organizing the physical arrangement of production facilities based on the sequence of operations that products undergo, typically used in batch production.

Small Manufacturers

Companies engaged in the production of goods that operate on a smaller scale compared to larger industrial entities.

Flexibility

Flexibility refers to the ability of an entity, process, or system to adapt to changes, alter course, or respond effectively to different or unexpected situations.

Type Of Traffic

Refers to the classification of different kinds of movement or flow, such as vehicular traffic on roads or data traffic over the Internet.