Which of the following statements is true of stockholders of corporations?
A) They actively participate in the management of the company.
B) They do not have to be individuals.
C) They do not elect a board of directors.
D) They appoint the chief executive officer of the company.

Question

Quizplus · Accepted Answer

Stockholders can be individuals or entities such as corporations or institutions. They do not actively manage the company, elect the board of directors, and do not directly appoint the CEO.

Which of the Following Statements Is True of Stockholders of Corporations