Which Statements About Corporate Stakeholders and Their Primary Power Are

Multiple Choice

Which statements about corporate stakeholders and their primary power are correct?

A) The stockholders are only individuals and do not include institutional investors.
B) The stockholders are the legal owners of the corporation. Their primary power is to select the corporate board of directors.
C) Managers plan, organize, lead, and control a firm's resources to achieve corporate goals. Their primary power is to control day-to-day operations.
D) Employees do the work to provide the products and other functions. Their primary power includes collective bargaining and striking.
E) The board of directors provides strategic direction and governance and oversees the managers of the corporation. The board's primary power is to select, advise, supervise, and evaluate the top managers.