Asked by Karmel Abdeljalil on Jul 11, 2024
Verified
A(n) _____ is elected by the stockholders of a corporation to oversee its general operation.
A) board of stockholders
B) preferred stockholder
C) board of directors
D) chief executive
E) silent partner
Board of Directors
A group of individuals elected by the shareholders of a corporation to oversee and make decisions regarding the company's direction and policies.
General Operation
Encompasses the day-to-day activities required for a business or organization to function efficiently.
- Understand the role and responsibilities of the board of directors in a corporation.
Verified Answer
TD
TIRTH DESAIJul 14, 2024
Final Answer :
C
Explanation :
A board of directors is elected by the stockholders of a corporation to oversee its general operation, making strategic decisions and ensuring the company's long-term success.
Learning Objectives
- Understand the role and responsibilities of the board of directors in a corporation.
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