HORTICULTURE SCIENCE
FUNDAMENTALS OF HORTICULTURE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A partnership is a business entity that involves issuing stock and appointing a board of directors to oversee the enterprise.
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true
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false
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -The general assembly of shareholders of a joint stock company appoints the directors that receive the most votes in a shareholders’ meeting for a maximum of three years. Both real persons and legal entities can be elected as directors.
Detailed explanation-2: -In doing so, it is required to act in the best interests of the company. Accountability goes hand in hand with responsibility. The Board of Directors should be made accountable to the shareholders for the way in which the company has carried out its responsibilities.
There is 1 question to complete.