The ________ is responsible for formulating policy decisions that affect the management and operation of the corporation.

Question

Quizplus · Accepted Answer

The board of directors is responsible for setting the overall direction and policies for the corporation. They make decisions about major investments, hiring and firing of executives, dividend payments, and other important matters affecting the corporation. The ombudsman is responsible for investigating complaints of unfair treatment or other issues, while shareholders own a portion of the company and have some voting rights. Corporate officers are responsible for managing the day-to-day operations of the company but do not typically make policy decisions at the highest level.

The ________ Is Responsible for Formulating Policy Decisions That Affect