Question
How are management decisions executed in a corporation?(1 point)
Responses
The shareholder with the largest controlling stake gets ownership status and is entitled to make all management decisions.
The shareholder with the largest controlling stake gets ownership status and is entitled to make all management decisions.
The shareholders are tasked with appointing corporate officers that are responsible for management decisions.
The shareholders are tasked with appointing corporate officers that are responsible for management decisions.
A board of directors is formed to make management decisions, consisting of every shareholder with at least a 10% stake in ownership of the corporation.
A board of directors is formed to make management decisions, consisting of every shareholder with at least a 10% stake in ownership of the corporation.
The shareholders elect a board of directors that is responsible for management decisions and day-to-day operations.
Responses
The shareholder with the largest controlling stake gets ownership status and is entitled to make all management decisions.
The shareholder with the largest controlling stake gets ownership status and is entitled to make all management decisions.
The shareholders are tasked with appointing corporate officers that are responsible for management decisions.
The shareholders are tasked with appointing corporate officers that are responsible for management decisions.
A board of directors is formed to make management decisions, consisting of every shareholder with at least a 10% stake in ownership of the corporation.
A board of directors is formed to make management decisions, consisting of every shareholder with at least a 10% stake in ownership of the corporation.
The shareholders elect a board of directors that is responsible for management decisions and day-to-day operations.
Answers
GPT-4o mini
The correct response is:
**The shareholders elect a board of directors that is responsible for management decisions and day-to-day operations.**
In a corporation, shareholders typically exercise their decision-making power by electing a board of directors, who then oversee the management of the company and make significant decisions regarding its operations.
**The shareholders elect a board of directors that is responsible for management decisions and day-to-day operations.**
In a corporation, shareholders typically exercise their decision-making power by electing a board of directors, who then oversee the management of the company and make significant decisions regarding its operations.