The responsibility for managing day-to-day operations and carrying out corporate policies belongsto the
A) creditors.
B) chief executive officer.
C) stockholders.
D) board of directors.

Question

Quizplus · Accepted Answer

The chief executive officer (CEO) is responsible for managing day-to-day operations and carrying out corporate policies. The board of directors sets the overall direction and policies for the company, but it is the CEO's job to implement them and ensure that the company is running smoothly. The creditors and stockholders are important stakeholders in the company, but they do not have direct responsibility for day-to-day operations.

The Responsibility for Managing Day-To-Day Operations and Carrying Out Corporate