The system by which corporations are directed and controlled is known as:
A) constitution.
B) board of directors.
C) corporate governance.
D) social responsibility.

Question

Quizplus · Accepted Answer

The term that refers to the system by which corporations are directed and controlled is corporate governance. While the constitution may provide some guidance and structure to corporate practices, it is not specifically related to the governing of corporations. The board of directors is a key component of corporate governance, but it is not the system as a whole. Social responsibility is related to a corporation's ethical and moral obligations to society, but it is not specifically related to the internal governance of the company.

The System by Which Corporations Are Directed and Controlled Is