What primary responsibility do the shareholders of a corporation have?(1 point)

Question

What primary responsibility do the shareholders of a corporation have?(1 point)

Responses

providing their own labor for the production process
providing their own labor for the production process

hiring management to oversee production
hiring management to oversee production

electing a board of directors
electing a board of directors

overseeing production

Answer 1

electing a board of directors

Answer 2

The primary responsibility of shareholders of a corporation is electing a board of directors.

Answer 3

The primary responsibility of shareholders of a corporation is to elect a board of directors. To get the answer to this question, you can refer to the legal structure and governance of corporations. Shareholders typically have the right to vote in the election of the board of directors, who are responsible for overseeing the management and key decisions of the corporation.