In a for-profit organization, it is the primary objective of the ____ to oversee the organization's business activities and management for the benefit of shareholders, employees, customers, suppliers, and the community.
A) Chief Executive Officer
B) Chief Ethics Officer
C) Board of Directors
D) Chief Compliance Officer

Question

Quizplus · Accepted Answer

The Board of Directors is responsible for overseeing the management and direction of a for-profit organization on behalf of its shareholders. They have a duty to act in the best interest of the organization and its stakeholders, which includes shareholders, employees, customers, suppliers, and the community. While the CEO, Chief Ethics Officer, and Chief Compliance Officer may also have responsibilities related to the organization's management and ethical conduct, the ultimate responsibility rests with the Board of Directors.

In a For-Profit Organization, It Is the Primary Objective of the ____