Final answer:
It is true that a CEO's responsibilities include both managing and leading an organization, striking a balance between strategic oversight and daily operations. CEOs significantly influence board elections, even though shareholders are the firm's true owners. Contrary to the claim about proprietary colonies, Proprietors had multiple responsibilities beyond just collecting profits.
Step-by-step explanation:
The statement that the CEO's responsibilities involve both managing and leading the organization is true. The role of a CEO entails guiding the company towards achieving its strategic objectives, making pivotal decisions, and setting the company culture. Leadership is about inspiring and motivating employees, while management involves the planning, organizing, and directing company resources efficiently.
CEOs have a significant influence on the composition of the board of directors, which ideally operates to safeguard the interests of the shareholders. However, this often means that the top executives have sway in determining who gets a seat at the table, despite shareholders theoretically being the true owners of a corporation.
Regarding proprietary colonies, the statement that Proprietors have no responsibilities except to collect profits is false. Proprietors also had to manage the colony's affairs, which included overseeing laws, trade, and the overall governance of the colony.