Asked by Bethany Hinkle on Apr 30, 2024
Verified
The day-to-day operations of a corporation are overseen by
A) the directors.
B) the officers.
C) the owners.
D) the shareholders.
Day-to-Day Operations
The regular, routine activities necessary for an organization or business to function effectively on a daily basis.
Corporation
A legal entity created under state law, recognized as separate from its owners, with its own rights, privileges, and liabilities.
- Understand the authorities and constraints of corporate executives and board members in the realm of conducting business activities.
Verified Answer
AG
Aaron GambinoMay 05, 2024
Final Answer :
B
Explanation :
The officers of a corporation are responsible for the day-to-day operations and management of the company. This includes roles such as CEO, CFO, and COO, who oversee various aspects of the business's activities. Directors, on the other hand, make broader strategic decisions and do not manage daily operations. Owners and shareholders have ownership stakes but are not involved in daily management.
Learning Objectives
- Understand the authorities and constraints of corporate executives and board members in the realm of conducting business activities.