Examlex
Which of the following statements is true?
Obligations and Duties
Requirements or demands made legally or morally upon a person, which are necessary to fulfill a contract or role.
Directors
Individuals appointed to supervise and guide the affairs and strategic direction of a corporation or organization.
Shareholders
Individuals or entities that own one or more shares of stock in a corporation, thereby having an interest in the company's performance and governance.
Corporation
A corporation is a legal entity that is separate and distinct from its owners, offering limited liability protection to its shareholders.
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