The ________ has/have the ultimate responsibility in guiding corporate affairs and carrying out policies.
A) board of directors
B) chief executive officer
C) stockholders
D) creditors

Question

Quizplus · Accepted Answer

The board of directors is responsible for overseeing the management of the corporation and making decisions regarding policies and strategies. While the CEO and stockholders may also play important roles in shaping corporate affairs, the ultimate responsibility lies with the board. Creditors may have some influence over corporate affairs, but they are not typically involved in guiding overall policies.

The ________ Has/have the Ultimate Responsibility in Guiding Corporate Affairs