A board of directors has three formal responsibilities: appoint the officers of the firm, oversee the affairs of the corporation, and:
A) conduct the annual meeting
B) provide funding for the firm
C) submit the firm's annual report to the stockholders
D) declare dividends
E) write the firm's strategic plan

Question

Quizplus · Accepted Answer

The board of directors is responsible for declaring dividends as part of their role in overseeing the financial affairs of the corporation.

A Board of Directors Has Three Formal Responsibilities: Appoint the Officers