Question

Stockholders in a corporation entrust control over the company's daily operations to managers selected by the board of directors to run the company. True or False True False

Answer 1

Answer: true

Explanation: stockholders also known as shareholders are individuals or entities that own shares of stock in a corporation. They are therefore the real owners of a publicly traded business, however, management runs it. Therefore, it can be said that stockholders in a corporation entrust control over the company's daily operations to managers selected by the board of directors to run the company.