In a normal corporate structure, managers:
A)assume the liabilities of the corporation.
B)legally have the final say in major business decisions.
C)confer daily with stockholders.
D)assume responsibility for the day-to-day decisions made at the firm.
E)all of the above.

Question

Quizplus · Accepted Answer

Managers in a normal corporate structure assume responsibility for the day-to-day decisions made at the firm. They do not assume liabilities of the corporation or confer daily with stockholders. While they may have a say in major business decisions, legally the final say belongs to the board of directors or the stockholders. Therefore, option D is the best only choice.

In a Normal Corporate Structure, Managers