Question

A _____ is/are elected by the stockholders to oversee the general operation of the corporation and set its long-range objectives.

1) Board of Directors
2) Chief Executive Officer
3) Shareholders
4) Management Team

Answer 1

The board of directors is elected by the shareholders to oversee the general operation of the corporation and set its long-range objectives.

Step-by-step explanation:

The correct answer to your question is 1) Board of Directors. The board of directors is elected by the shareholders to oversee the general operation of the corporation and set its long-range objectives. They are responsible for making important decisions and providing guidance to the management team.

For example, the board of directors may determine the company's strategic direction, approve major investments, and hire or fire the CEO. They represent the interests of the shareholders and ensure that the company is being run effectively and in compliance with legal and ethical standards.