A textile corporation has two hundred odd stockholders. As it is inconvenient for so many stockholders to manage the company, the stockholders elect a group of individuals to oversee the company's operation and to represent their interests. In this scenario, the stockholders elect a _____.
A) board of valuers
B) board of directors
C) board of corporators
D) board of regents

Question

Quizplus · Accepted Answer

The stockholders elect a board of directors to oversee the company's operations and represent their interests. This is a common practice in corporations.

A Textile Corporation Has Two Hundred Odd Stockholders