The system by which businesses are controlled and directed is known as:
A) auditing.
B) general management.
C) corporate governance.
D) business directing.

Question

Quizplus · Accepted Answer

Corporate governance refers to the set of processes and structures that a company has in place to ensure accountability, transparency, and ethical behavior in all aspects of its operations. Corporate governance includes the composition and responsibilities of the board of directors, shareholder rights, executive compensation, and other policies and practices that determine how a company is managed and directed. Auditing and general management may play roles within corporate governance, but they are not the overarching concept that encompasses all aspects of business control and direction.

The System by Which Businesses Are Controlled and Directed Is