Which BEST describes the decision-making process for a corporate business organization? A) The shareholders run the day to day operations of the business, making all decisions. B) The partners of the firm make decisions jointly, as laid out in the articles of partnership. C) Shareholders elect the Board of Directors, who then hire the managing officers of the company, such as the CEO. Eliminate D) The CFO hires a board of governors to oversee the structure of the corporation, and mid-level managers to run the day to day operations.

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Stephanie Stone

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29 October, 15:44

Which BEST describes the decision-making process for a corporate business organization? A) The shareholders run the day to day operations of the business, making all decisions. B) The partners of the firm make decisions jointly, as laid out in the articles of partnership. C) Shareholders elect the Board of Directors, who then hire the managing officers of the company, such as the CEO. Eliminate D) The CFO hires a board of governors to oversee the structure of the corporation, and mid-level managers to run the day to day operations.

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Mccarty · Answer 1

Answer: C) Shareholders elect the Board of Directors, who then hire the managing officers of the company, such as the CEO.

This is the option that best describes the way in which a corporation operates. A corporation is a company owned by a group of people. This group tends to be large, and they are called shareholders. Shareholders have occasional meetings, but the day-to-day operations of the company are performed by the managing officers of the company (such as the CEO) who are hired by the shareholders.

Leanna · Answer 2

The correct answer is C) Shareholders elect the Board of Directors, who then hire the managing officers of the company, such as the CEO.

The option that best describes the decision-making process for a corporate business organization is Shareholders elect the Board of Directors, who then hire the managing officers of the company, such as the CEO.

A corporation is a business entity that operates distinctly from its owners. The owners of the corporation associates with other people and they become the stakeholders. They elect the group called the Board of Directors that are the responsible to lead, hire and supervise the managing officers that are going to run the operations on a daily basis.

A general manager is the one who is the operative leader or the Company and is responsible for the success of the operation. He or She needs to present positive results monthly or quarterly to the Board of Directors to justify its effectiveness. The Board of Directors presents those results to the stakeholders, who are the people who invest their money in the corporation.