Question

You and two partners who invented and patented a Gidgit decide to form a corporation. You determine who will be the president,

secretary, and treasurer. These three positions comprise the executive committee.

-False

-True

Answer 1

Answer: True

Step-by-step explanation:

Under normal circumstances, it should be noted that the boards of directors are in charge of decision making and making strategic plans for organizations.

The truth is that most times, the board of directors aren't always available to take vital actions and in such cases, the executive committee will be formed to address the vital issues that needed to be discussed in the organization.

The executive committee simply represents the board and they are made up of the chairperson which is the president; sometimes a vice-chairperson or vice president; the secretary, and lastly the treasurer.

Therefore, the statement in the question is true.