The ultimate control of the corporation rests with the ________.
A)board of directors
B)stockholders
C)chairperson
D)chief operating officer

Question

Quizplus · Accepted Answer

The ultimate control of the corporation rests with the stockholders as they are the owners of the company and hold the power to elect the board of directors and make important decisions such as mergers or acquisitions. The board of directors and executives, such as the chairperson and chief operating officer, are appointed and serve at the pleasure of the stockholders.

The Ultimate Control of the Corporation Rests with the ________