Which of the Following Statements Is True of the Board

Multiple Choice

Which of the following statements is true of the board of directors of a corporation?

A) It elects the stockholders of the corporation.
B) It establishes the corporation's mission.
C) The board members of a corporation often take an active role in the day-to-day management of the corporation.
D) The board members of a corporation assume unlimited personal liability for the corporation's debts.