The board of directors is delegated the power to manage the business of the corporation,which includes:
A) determining the capital structure and financial policy of the corporation.
B) declaring the amount and type of dividends.
C) formulating major management policy.
D) All of these.

Question

Quizplus · Accepted Answer

The board of directors is responsible for managing the business of the corporation, which includes determining the capital structure and financial policy, declaring dividends, and formulating major management policies. Therefore, all of the given options are correct.

The Board of Directors Is Delegated the Power to Manage