The directors of a corporation:
A. Are hired by the officers to run the business on a day-to-day basis.
B. May not own stock in the same corporation or be officers of the same corporation.
C. Are responsible for formulating corporate policy and for hiring corporate officers.
D. Are elected by the shareholders to run day-to-day operations.
Answer:C
The directors of a corporation:
A. Are hired by the officers to run the business on a day-to-day basis. B. May not own stock in the same corporation or be officers of the same corporation. C. Are responsible for formulating corporate policy and for hiring corporate officers. D. Are elected by the shareholders to run day-to-day operations.