Multiple Choice QuestionHow are the members of a board of directors selected?Multiple choice question.They are elected by the stockholders of the corporation.They are appointed by the top management of the corporation.They are appointed by the shareholders with the most shares of stock.They are elected by non stock-holding employees.

A corporation’s officers are appointed by the:Multiple Choiceboard of directorscompany presidentprimary stockholderstate in which the corporation operates

Multiple Choice QuestionWithin a corporation, who has fiduciary duties?Multiple choice question.only the board of directorsall individuals within the corporationa foreign agent of a competing corporationthe Governor General

Multiple Choice QuestionWhen the board of directors distributes some of a corporation's profits to the owners, it issues them as ______.Multiple choice question.common stockcash dividend paymentsretained earningsequity holdings

The board of directors of a corporation:Multiple ChoiceIs elected by the corporate registrar.Are responsible for day-to-day operations of the business.Does not have the power to bind the corporation to contracts, due to lack of mutual agency.May not also be executive officers of the corporation, due to the separate entity principle.Is responsible for overseeing corporate activities.

The shareholders that are eligible to vote for the board of directors of a company are:Question 6Select one:a.all shareholders holding more than 1,000 shares.b.all shareholders who attend the annual general meeting.c.all shareholders holding voting shares.d.all preference shareholders.