The ultimate control of a corporation lies in the hands of the corporate:
A)board of directors.
B)stockholders.
C)president.
D)chief executive officer.
E)chairman of the board.

Question

Quizplus · Accepted Answer

The ultimate control of a corporation lies in the hands of the stockholders because they are the owners of the company and have the power to elect the board of directors, who in turn oversee the management of the corporation. The board of directors and executive officers work to represent the interests of the stockholders but ultimately answer to them.

The Ultimate Control of a Corporation Lies in the Hands