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Author Question: Explain the roles of directors, officers, and shareholders in a corporation. What will be an ... (Read 118 times)

bobypop

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on: Aug 3, 2018
Explain the roles of directors, officers, and shareholders in a corporation.
 
  What will be an ideal response?

Question 2

If a creditor does not file a claim against the estate, the personal representative may not have to pay that creditor.
 
  a. True
  b. False


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Beatricemm

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Reply #1 on: Aug 3, 2018
Answer to Question 1

The officers are the individuals who are responsible for the day-to-day management of a corporation. The shareholders are the owners of a corporation. The individuals who exercise general management and control of a corporation are known as the directors or the board of directors.

Answer to Question 2

a


bobypop

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Reply #2 on: Aug 3, 2018
Thank you!


Beatricemm

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Reply #3 on: Aug 3, 2018
Always glad to help...


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