If a new venture organizes as a corporation, it is legally required to have a(n) ________, which is a panel of individuals who are elected by a corporation's shareholders to oversee the management of the firm.
A) board of advisors
B) review team
C) team of advisors
D) accountability panel
E) board of directors

Question

Quizplus · Accepted Answer

A board of directors is a requirement for corporations and is responsible for making high-level decisions and overseeing the management of the company. The other choices, such as a board of advisors or review team, may be optional or used in different types of organizations.

If a New Venture Organizes as a Corporation, It Is