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A Board of Directors' Three Formal Responsibilities Are to Appoint

Question 50

Multiple Choice

A board of directors' three formal responsibilities are to appoint the officers of the firm, oversee the affairs of the corporation, and ________.


A) conduct the annual meeting
B) provide funding for the firm
C) submit the firm's annual report to the stockholders
D) declare dividends
E) write the firm's strategic plan

Correct Answer:

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