Asked by Denia Martinez on May 27, 2024
Verified
Corporate officers have responsibility for all policymaking decisions necessary to the management of corporate affairs.
Policymaking Decisions
The process of creating laws, regulations, or guidelines by which a government or organization operates.
Corporate Officers
Individuals appointed to manage the day-to-day operations and make major corporate decisions in a company.
- Procure an in-depth comprehension of the ethical and legal duties imposed on corporate officers and directors, focusing on fiduciary responsibilities and liability issues.
Verified Answer
CA
Chinedu AjuruchiJun 01, 2024
Final Answer :
False
Explanation :
Corporate officers are responsible for the day-to-day management and operational decisions of a corporation, but policymaking decisions are typically the responsibility of the board of directors.
Learning Objectives
- Procure an in-depth comprehension of the ethical and legal duties imposed on corporate officers and directors, focusing on fiduciary responsibilities and liability issues.
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