The board of directors of a corporation is responsible for all of the following except
A) arranging for major bank loans.
B) authorizing contracts.
C) carrying out the daily operations of the business.
D) declaring dividends.

Question

Quizplus · Accepted Answer

The board of directors is responsible for providing strategic direction and making major decisions for the corporation, but they are not responsible for the day-to-day operations of the business. That responsibility falls to the executive management team.

The Board of Directors of a Corporation Is Responsible for All