The Ultimate Control of the Corporation Rests with the ________

question 78

Multiple Choice

The ultimate control of the corporation rests with the ________.

• A)board of directors
• B)stockholders
• C)chairperson
• D)chief operating officer

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Definitions:

Interlocking Directorates

The practice where members of the board of directors of one company serve on the boards of one or more other companies.

Price Discrimination

A strategy in pricing where the same or nearly identical products or services are offered at varying prices by the same vendor across various markets.

Sherman Antitrust Act

A landmark federal statute in the United States passed in 1890 that prohibits certain business activities that federal government regulators deem to be anti-competitive.

Standard Oil Trust

A historical example of a corporate monopoly in the United States, established by John D. Rockefeller to control oil production and prices.