Generally, a corporation is owned by the:
I. Managers; II) Board of Directors;
III. Shareholders
A) I only
B) II and III
C) III only
D) I, II and III

Question

Quizplus · Accepted Answer

A corporation is owned by its shareholders. The managers and board of directors are appointed by the shareholders to run the business and make decisions on their behalf. However, ultimate ownership and control lie with the shareholders who can vote on major decisions affecting the company.

Generally, a Corporation Is Owned by The