Vhich of the following statements is true of the corporate f

Vhich of the following statements is true of the corporate form of usiness? Any stockholder may commit the corporation to a contract. Changes in the ownership of stock has a negative effect on the continuity of the corporation. It is easy for stockholders to lodge an effective protest against managemen The board of directors sets policy for the corporation and appoints the officers.

Solution

Following statement is true:

The Board of Directors sets policy for the corporation and appoints the officers.

As Board of Directors are the responsible persons for managing the day to day affairs of the business. They draw the strategies towards organizational goals and objectives. Thus ultimately board of directors are the decision making authorities for business operations. Hence they sets policy for the corporation and appoints the officers.