The ultimate control of a corporation lies in the hands of the corporate:
A) board of directors.
B) shareholders
C) CEO of the firm
D) chairman of the board
E) government

Question

Quizplus · Accepted Answer

The ultimate control of a corporation lies in the hands of the shareholders because they own the corporation through their shares and have the power to elect the board of directors, who in turn oversee and make major decisions for the corporation.

The Ultimate Control of a Corporation Lies in the Hands