A corporation is a legal entity that can have shareholders with dispersed ownership, a board of directors to decide on objectives and policies, and an executive management group to handle daily operations. So, all of the given choices are correct.

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A Corporation

Question 10

Multiple Choice

A corporation:

A) has a widely dispersed ownership amongst its shareholders.
B) has its objectives and policies decided by a board of directors.
C) has an executive management group responsible for day-to-day management of the corporation.
D) is all of the given choices.

Correct Answer: