The Shareholders Elect a ___________, a Group of People Who

question 99

Multiple Choice

The shareholders elect a ___________, a group of people who are legally responsible for governing the corporation.

• A)governing board
• B)board of directors
• C)oversight board
• D)group of shareholder representatives

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Definitions:

Payor Bank

A bank by which an item is payable as drawn or accepted. It includes a drawee bank.

Settle

To resolve or reach an agreement about a dispute or issue, often resulting in the cessation of legal proceedings.

Provisional Settlement

A temporary arrangement or agreement reached between parties, pending a final decision or settlement.

Unauthorized Use

The use of something, typically intellectual property or physical assets, without the permission or rights to do so.