Which one of the following statements is true?
A)Corporate dividends for common stock must be paid in cash only.
B)Stockholders must elect the board of directors.
C)The selling price of stock is determined by how much the corporation is willing to receive.
D)Corporations are required by law to have two stockholder meetings each year.
E)Stockholders may vote only by proxy.

Question

Quizplus · Accepted Answer

Stockholders elect the board of directors, which is a fundamental aspect of corporate governance. This board oversees the corporation's management and makes significant decisions on behalf of the shareholders.

Which One of the Following Statements Is True