Bret and Courtney form Delite Day Care,Inc.Ultimate responsibility for policy decisions necessary to the management of corporate affairs rests with Delite's

Question

Quizplus · Accepted Answer

The board of directors is responsible for making policy decisions necessary for the management of corporate affairs. Shareholders have a say in major decisions through voting, but they do not have ultimate responsibility. Incorporators are those who formed the corporation, but they are not necessarily responsible for policy decisions. Officers are responsible for implementing policies, but they do not have ultimate responsibility for making them.

Bret and Courtney Form Delite Day Care,Inc