The organizational structure of a corporation permits:
A) the company management to elect the Board of Directors.
B) stockholders to elect the Board of Directors.
C) stockholders to elect the officers and management team.
D) employees (by committee) to elect the officers of the company.

Question

Quizplus · Accepted Answer

The organizational structure of a corporation allows for stockholders to elect the Board of Directors, who are responsible for overseeing the management team and making major business decisions. The management team, including officers, is typically appointed by the Board of Directors. Therefore, stockholders have the ultimate decision-making power in the corporation.

The Organizational Structure of a Corporation Permits