The Board of Directors of a Corporation

question 2

Multiple Choice

The board of directors of a corporation:

• A) Are elected by the corporate registrar.
• B) Are responsible for day-to-day operations of the business.
• C) Do not have the power to bind the corporation to contracts, due to lack of mutual agency.
• D) May not also be executive officers of the corporation, due to the separate entity principle.
• E) Are responsible for and have final authority for managing corporate activities.

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Definitions:

Resources

Assets, materials, or other items of value that are available to an individual or organization to achieve goals or carry out activities.

Zero Emissions

Occur when carbon or polluting emissions are reduced and/or offset so that there is no net addition of emissions that are harmful to the environment or climate, usually by the emitting source.

Recycling

The process of converting waste materials into new materials and objects, aimed at reducing the consumption of fresh raw materials.

Waste Minimisation

Strategies and processes implemented to reduce the amount of waste produced by a company or during a specific process.