Question

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What are the three tiers in which a corporation is generally structured?
The structure of a corporation can be broadly divided into three tiers: the board of directors, the management team, and the

Answer 1

The three tiers in which a corporation is generally structured are the board of directors, the management team, and the shareholders.

Step-by-step explanation:

The three tiers in which a corporation is generally structured are:

1. Board of Directors: The board of directors is elected by the shareholders and provides governance and oversight for top executives. They make strategic decisions, set policies, and represent the interests of shareholders.
2. Management Team: The management team consists of top executives like CEOs, CFOs, and other department heads. They are responsible for day-to-day operations, implementing the decisions of the board, and achieving the company's goals.
3. Shareholders: Shareholders are outside investors, including large investors like mutual funds or pension funds. They provide capital by purchasing company shares and have ownership interests in the corporation.