The ultimate control of the corporation rests with the ________.
A) board of directors
B) stockholders
C) chairperson of Board of Directors
D) chief operating officer

Question

Quizplus · Accepted Answer

The ultimate control of a corporation rests with the stockholders as they are the true owners of the company and have the power to elect the board of directors, who in turn appoint the senior executives. The board of directors and the CEO are accountable to the stockholders and can be replaced if they do not act in the best interest of the company. However, it is important to note that the day-to-day operations of the company are typically delegated to the CEO and senior management team.

The Ultimate Control of the Corporation Rests with the ________