Question

Which of the following is generally true regarding management of a corporation?

A. Shareholders do not participate in corporate management.

B. Shareholders elect a board of directors.

C. The board of directors selects officers to manage the day-to-day business of the corporation.

D. Shareholders do not participate in corporate management, shareholders elect a board of directors, and the board of directors selects officers to manage the day-to-day business of the corporation.

E. Shareholders do not participate in corporate management and shareholders elect a board of directors, but shareholders select officers to manage the day-to-day business of the corporation.

Answer

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