Asked by Jonathan Richardson on Jul 20, 2024
Verified
Who is responsible for setting the long-range objectives of a corporation?
A) Sole proprietors
B) Preferred stockholders
C) Board of directors
D) Customers
E) External auditors
Board of Directors
A group of individuals elected to represent shareholders and govern the organization by establishing policies and making decisions on major company issues.
- Comprehend the duties and obligations of the board of directors within a corporate entity.
Verified Answer
SG
Seaira GabrielJul 20, 2024
Final Answer :
C
Explanation :
The board of directors is responsible for setting the long-range objectives of a corporation, guiding its strategic direction, and making high-level decisions.
Learning Objectives
- Comprehend the duties and obligations of the board of directors within a corporate entity.
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