The organizational structure of a corporation permits:
A)The company management to elect the Board of Directors.
B)Stockholders to elect the Board of Directors.
C)Stockholders to elect the officers and management team.
D)employees by committee)to elect the officers of the company.

Question

Quizplus · Accepted Answer

In a corporation, the stockholders have the power to elect the Board of Directors, who are responsible for making major decisions for the company. The management team is appointed by the Board of Directors, but they do not have the power to elect them. Similarly, employees do not have the power to elect the officers of the company.

The Organizational Structure of a Corporation Permits