Which of the following characteristics of a corporation exists because stockholders elect a board of directors and the board appoints officers to manage the business?

Question

Quizplus · Accepted Answer

The separation of ownership and management in a corporation is highlighted by the fact that stockholders (the owners) elect a board of directors, who then appoint officers to manage the day-to-day operations. This structure delineates a clear distinction between those who own the company and those who manage it.

Which of the Following Characteristics of a Corporation Exists Because