Within a corporation, formal approval is required before bonds can be issued by the
A) chief executive officer.
B) board of directors.
C) controller.
D) provincial government.

Question

Quizplus · Accepted Answer

The board of directors is responsible for making major decisions in a corporation, including the issuance of bonds. This body has the authority to approve such financial actions, reflecting their role in overseeing the company's strategic direction and financial activities.

Within a Corporation, Formal Approval Is Required Before Bonds Can