Which of the Following Is Generally True Regarding Management of a Corporation

question 88

Multiple Choice

Which of the following is generally true regarding management of a corporation?

• A) Shareholders do not participate in corporate management.
• B) Shareholders elect a board of directors.
• C) The board of directors selects officers to manage the day-to-day business of the corporation.
• D) Shareholders do not participate in corporate management, shareholders elect a board of directors, and the board of directors selects officers to manage the day-to-day business of the corporation.
• E) Shareholders do not participate in corporate management and shareholders elect a board of directors, but shareholders select officers to manage the day-to-day business of the corporation.

---

Definitions:

Cooperative

An organization that is owned and operated by its members, who share the profits and benefits and democratically make decisions.

General Partnership

A business arrangement in which two or more individuals share the management, profits, and liabilities of the business.