Which of the Following Statements Regarding Management Control and a Corporation

Which of the following statements regarding management control and a corporation is(are) true?

A) When a corporation is new and small, there is a greater likelihood that the majority shareholders will also manage the company.
B) Shareholders may indirectly affect the operation of the business through the elected board of directors.
C) As the corporation grows in size, there is greater separation between management and control.
D) Control over major long-term decisions may require a vote of the major shareholders.
E) All of the answers are correct.