Who elects the board of directors?
B. Shareholders elect a board of directors.
What is the role of the board of directors in a corporation?
C. The board of directors selects officers to manage the day-to-day business of the corporation.
What are some examples of nonprofit corporations?
E. Churches and charitable organizations are examples of nonprofit corporations.
Can corporations be sued?
C. Corporations can sue or be sued by others.
Can a nonprofit corporation make profits?
A. A nonprofit corporation may not earn profits.
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