Asked by Abhishek Kulkarni on Jun 08, 2024
Verified
A person hired by the corporate board of directors to assist in and oversee the management of the day-to-day operations of a corporation is called a(n)
A) shareholder.
B) director.
C) officer.
D) employee.
Corporate Officer
An individual appointed by the board of directors of a corporation who is granted certain powers and responsibilities in managing the company.
Day-To-Day Operations
The routine activities necessary for the ongoing management and functionality of a business or organization.
- Discern the authorities and liabilities of shareholders, directors, and officers in a business corporation.
Verified Answer
ER
Elnaz ReyhaniJun 12, 2024
Final Answer :
C
Explanation :
Officers are hired by the board of directors to manage the daily operations of a corporation. They hold specific titles such as CEO, CFO, etc., and are responsible for implementing the board's policies and making strategic decisions.
Learning Objectives
- Discern the authorities and liabilities of shareholders, directors, and officers in a business corporation.
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