Question

Who ultimately controls business corporations?

Select one: A. Control of the firm ultimately rests with shareholders. They elect the board of directors, who then hire and fire management.
B. Control of the firm ultimately rests with board of directors. They elect the management, who lead the company.
C. Control of the firm rests with the executives that oversea the strategic planning.
D. Control of the firm rests with regulatory bodies working in unison with executives.
E. Control of the firm rests with government agencies and regulatory bodies working in unison with the board of directors.

Answer 1

Answer: B. Control of the firm ultimately rests with board of directors. They elect the management, who lead the company.

Step-by-step explanation: