Asked by Shayan Patel on Jul 08, 2024
Verified
In which of the following areas does the board determine corporate policy?
A) Selecting and removing officers.
B) Determining the corporation's capital structure.
C) Initiating fundamental changes and declaring dividends.
D) Setting management compensation.
E) All of these are determined by the board.
Management Compensation
The payment or remuneration provided to executives and managers for their services to an organization.
Corporate Policy
Guidelines and rules established by a company to govern its activities and decisions, reflecting its culture and objectives.
- Learn about the development of corporate strategies and the participation of the board in making such decisions.
Verified Answer
AR
Amanda RandazzoJul 10, 2024
Final Answer :
E
Explanation :
The board of directors is responsible for making key decisions and setting policies in various areas of a corporation, including selecting and removing officers, determining the corporation's capital structure, initiating fundamental changes, declaring dividends, and setting management compensation.
Learning Objectives
- Learn about the development of corporate strategies and the participation of the board in making such decisions.
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