According to the MBCA, All Corporate Powers Shall Be Exercised

question 43

Multiple Choice

According to the MBCA, all corporate powers shall be exercised by or under the authority of, and the business and affairs of a corporation shall be managed under the direction of a _____.

• A) board of directors
• B) president
• C) majority shareholder
• D) chief executive officer

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Definitions:

Professional Healthcare

Healthcare services provided by trained and licensed professionals aimed at preventing, treating, and managing illness and preserving mental and physical well-being through the services offered by the medical and allied health professions.

Individualism

A social theory or ideology that emphasizes the moral worth of the individual and prioritizes personal independence and self-reliance.

Biomedical System

A combination of tools, technologies, and methods used to study biological processes and apply the knowledge for medical purposes.

Cardiac Diet

A heart-healthy diet designed to reduce the risk of heart disease by controlling factors like cholesterol, blood pressure, and weight.