The Board of Directors of a corporation:
A)Is not responsible for hiring other professional managers.
B)Does not decide whether profits will be distributed to stockholders.
C)Makes major policy decisions.
D)Is made up of members of a government agency.

Question

Quizplus · Accepted Answer

The Board of Directors is responsible for making major policy decisions for the corporation. Options A and B are incorrect, as the Board of Directors does have responsibility for hiring professional managers and deciding whether profits will be distributed to stockholders. Option D is incorrect, as the Board of Directors is composed of individuals elected by the owners of the corporation, and is not affiliated with any government agency.

The Board of Directors of a Corporation