Shareholders of a corporation elect individuals to carry out certain tasks that are establishment in the charter. What these individuals are called ?
Correct answer: D. Board of Directors
- A. Management
- B. Board of Governor
- C. Top brass
- D. Board of Directors
Explanation
Shareholders elect the board of directors to oversee the corporation and perform responsibilities established by its charter. Management usually carries out day-to-day operations under the board's direction.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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