CEO, Jack Yates oversees the operations of Johnson Company, a corporation with 1,200 employees.Yates reports to the company's board of directors.
Who owns Johnson Company?
A)shareholders
B)board of directors
C)Jack Yates
D)employees

Question

Quizplus · Accepted Answer

Shareholders own the company and have ultimate authority over its operations and decision-making, as they are the ones who invest capital into the company in exchange for ownership in the form of shares. The board of directors is responsible for representing the shareholders' interests and overseeing company management, including Yates. The employees work for the company and are not owners. While Yates has significant responsibility for the company's operations, he ultimately answers to the board of directors, who represent the shareholders.

CEO, Jack Yates Oversees the Operations of Johnson Company, a Corporation