Which of the following statements is INCORRECT regarding the rights of shareholders?
I. voting power on major issues and ownership in a portion of the company
II. right to transfer ownership and dividend entitlement
III. hire and fire management and select and appoint a chief executive
A) I and II
B) I, II, and III
C) I only
D) III only

Question

Quizplus · Accepted Answer

Shareholders do not have the right to hire and fire management or select and appoint a chief executive. These decisions are typically made by the company's board of directors. Shareholders do have voting power on major issues and ownership in a portion of the company, as well as the right to transfer ownership and dividend entitlement. Therefore, statement III is incorrect.

Which of the Following Statements Is INCORRECT Regarding the Rights