In a Corporate Environment

question 68

Multiple Choice

In a corporate environment:

• A) stockholders own the company and directly hire the management team.
• B) board of directors delegates the responsibility to oversee shareholder interest to the management team.
• C) the audit committee is part of the management team.
• D) the shareholders own the company and elect the board the directors.

---

Definitions:

Service Charge

A Service Charge is a fee collected for services provided, often seen in the banking, hospitality, and service industries.