A typical organization chart showing delegation of authority would show
A) stockholders delegating to the board of directors.
B) the board of directors delegating to stockholders.
C) the chief executive officer delegating to the board of directors.
D) the controller delegating to the chief executive officer.

Question

Quizplus · Accepted Answer

In a typical organizational structure, authority flows from the stockholders to the board of directors, who are elected by the stockholders to oversee the management of the company and make major decisions.

A Typical Organization Chart Showing Delegation of Authority Would Show