Asked by Marco Bianchini on Jun 04, 2024
Verified
Regarding management of a corporation, which of the following is false?
A) Shareholders generally participate in corporate management.
B) Shareholders elect a board of directors.
C) The board of directors selects officers to manage the day-to-day business of the corporation.
D) If shareholders die, corporations do not dissolve.
E) In most states, corporations can exist indefinitely.
Corporate Management
The group of individuals responsible for overseeing the operational and strategic direction of a corporation.
Shareholders
People or organizations that possess at least one share in a corporation, thereby holding a stake in the company's ownership.
Board of Directors
A group of individuals elected by shareholders to oversee the management and make governance decisions for a corporation.
- Describe the organizational structure of corporate management and the duties and privileges of shareholders.
Verified Answer
Learning Objectives
- Describe the organizational structure of corporate management and the duties and privileges of shareholders.
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