Which of the following statements about corporations is true?
A) The corporate officers appoint directors to run the corporation's day-to-day operations.
B) The death, insanity, or bankruptcy of a director or an officer of a corporation dissolves the corporation.
C) Corporations can be put in prison for violations of the law.
D) Corporations usually have a centralized management composed of the board of directors and officers of the corporation.
Correct Answer:
Verified
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