The board of directors of a corporation:
A. May not also be executive officers of the corporation, due to the separate entity principle.
B. Do not have the power to bind the corporation to contracts, due to lack of mutual agency.
C. Are elected by the corporate registrar.
D. Are responsible for overseeing corporate activities.
E. Are responsible for day-to-day operations of the business.
Answer: D
You might also like to view...
What was the key reason for the creation of law courts during the early development of the English common law?
A) to administer law in a uniform manner B) to help merchants form a standardized set of commercial laws C) to increase the power of the king in law-making D) to facilitate legal disputes for the wealthy and influential
N. Trest bought a $10,000 Treasury bill at a 18% discount for 13 weeks (91 days). How much
does N pay for the bond? A) $10,000 B) $9551.23 C) $8,732.73 D) $8,548.95
Show the total cost expression and calculate the EOQ for an item with holding cost rate 18%, unit cost $8.00, annual demand of 40,000, and ordering cost of $48.
What will be an ideal response?
Notifying the user of the last page of a multipage sequence is a guideline for designing forms and reports
Indicate whether the statement is true or false