A(n)______ is the group ultimately responsible for the business.
A) Group of C-level directors
B) Board of directors
C) Angel board
D) Investment bank consortium

Question

Quizplus · Accepted Answer

The board of directors is ultimately responsible for the business. They are elected by the shareholders and have the power to set the direction and strategy of the company. The group of C-level directors and angel board may have significant influence, but ultimately the board of directors holds the ultimate responsibility. Investment bank consortium is not a group responsible for the business, but rather a group that may provide investment or advisory services.

A(n)______ Is the Group Ultimately Responsible for the Business