Proleisis Corporation is a company that has 250 stockholders. Although owned by such a large number of stockholders, the major decisions of the company are taken by the 12-member board of directors. The board has enormous authority over the company, and the company functions according to the decisions of the board. Based on the given information, the company has:

Question

Quizplus · Accepted Answer

The company has a high degree of centralization because the major decisions are made by a small group (the 12-member board of directors), indicating that decision-making authority is concentrated at the top.

Proleisis Corporation Is a Company That Has 250 Stockholders