Question

Who has ultimate authority in a corporation and elects the members of the board of directors?

1) Shareholders
2) Employees
3) Customers
4) Government

Answer 1

The ultimate authority in a corporation and the electors of the board of directors are the shareholders.

Step-by-step explanation:

In a corporation, the ultimate authority lies with the shareholders. They elect the members of the board of directors, who are responsible for overseeing the executives and making important decisions for the company. Shareholders, as the owners of the company, have the power to vote in board members based on their share ownership.