Which of the following is generally true regarding the management of a corporation?
A)Shareholders do not participate in corporate management.
B)Shareholders elect a board of directors.
C)The board of directors selects officers to manage the day-to-day business of the corporation.
D)Shareholders do not participate in corporate management,shareholders elect a board of directors,and the board of directors selects officers to manage the day-to-day business of the corporation.
E)Shareholders participate in corporate management,elect a board of directors,and select officers to manage the day-to-day business of the corporation.

Question

Quizplus · Accepted Answer

Unless the articles of incorporation specify otherwise,shareholders do not participate in corporate management.Instead,shareholders elect a board of directors; the board,in turn,selects officers to manage the day-to-day business of the corporation.

Which of the Following Is Generally True Regarding the Management