The responsibility for managing day-to-day operations and carrying out corporate policies belongs to the ______. Select...

The responsibility for managing day-to-day operations and carrying out corporate policies belongs to the ______.

Select one:

a. chief executive officer

b. stockholders

c. creditors

d. board of directors

Solutions

Expert Solution

lets go by the method of eliminations:

Option (B): Now why this can't be the answer?, first of all stock holders are the perosnal that hold the stack in the compan's assets they do this by investing through equity, series funding. But one thing to note is that they hold their interest because they have principle interest their mind which is to make profit of their investment. They genrally doen't dictate or govern the operation of how a company operate. So no they can't take part in the day to day operation and working out corporate policies.

Option (C): Now these are, creditors, just the personals that had provided the financial backing with some certain covenants that to pay back their money with interest after agreed upon time. They also have no touch tooprations and strategic decisions that firm makes.

Option (D): Board of Directors, now they can be divided into the two groups - 1. Independent Directors and 2. Non-Independent Directors. Independent directors are mendotories as they represent the stockholder's trust into the company as they provide the non-personal interest into the decisions that the firm make thus eliminating the agency issue. non independent directors are also ina way selected by the stockholders while they involve in the certain operation but the don't have that much of involvement into the day to day operations.

Answere: option (A): CEO does take part in the general day to day operation of the companies and the policy making process. CEO is the one personal that becomes the middle person between the board and the employees of the firm. Their responsibility have making major corporate decisions, managing the overall operations and resources of a company.

jeff jeffy answered 1 year ago

Next > < Previous

Related Solutions

Carrying out terminations usually is the responsibility of the manager. However, the manager may not always...

Carrying out terminations usually is the responsibility of the manager. However, the manager may not always be involved in determining who should be let go. Do you think direct managers should have input into which of their workers should be laid off? Why or why not? If a manager and HR staff disagree on who should be laid off, how do you think the disagreement should be resolved? a maximum of one-half typed page for answer

Research and summarize the corporate social responsibility policies of a business where you are a customer....

Research and summarize the corporate social responsibility policies of a business where you are a customer. Would you adopt similar policies and why? Is there anything you would modify? Please make sure it is in a paragraph format, thank you

Discretion is the use of personal decision making and choice in carrying out operations in the...

Discretion is the use of personal decision making and choice in carrying out operations in the criminal justice system. Should juvenile officers have that discretion? Why or why not? Explain your answers.

Company’s stated policies on ethics and corporate social responsibility and how the Volkswagen emission scandal breaches...

Company’s stated policies on ethics and corporate social responsibility and how the Volkswagen emission scandal breaches were justified or otherwise.

Select Organizations that promote Corporate social responsibility (CSR) and answer these: •What are the CSR initiatives...

Select Organizations that promote Corporate social responsibility (CSR) and answer these: •What are the CSR initiatives the organizations are taking? •What CSR strategies are they using? •The four dimensions of CSR, how do the CSR strategies connect with them? •What are the benefits? •What are the likely disadvantages or risks to these CSR initiatives •Are the organizations considering other CSR initiatives?

Select an exclusive Canadian company and evaluate it on the following Corporate Social Responsibility criteria’s: Criteria’s:...

Select an exclusive Canadian company and evaluate it on the following Corporate Social Responsibility criteria’s: Criteria’s: 1. Vision, Mission, Values and Culture 2. Business Objectives and Society and their interrelationships. 3. CSR main theme and Recipient organizations/campaign 4. Department Involved and CSR integrated Approach 5. Importance of CSR – Last 5 years 6. Overall Management Approach 7. Ethics 8. Stakeholder Management 9. Global Business Practices 10. Sustainable Development

Topic: Business Ethics and Corporate Responsibility Topic Review – SDGs in action Select an industry...

Topic: Business Ethics and Corporate Responsibility Topic Review – SDGs in action Select an industry of interest and identify the impact that the selected industry has on the respective SDG goals. Apply the following structure -Concise intro to the Industry -Identify the positive and negative impact of the industry by categorizing the impact as indirect, moderate direct, very direct (see industry example) -Provide concise recommendations to improve Industry impact

It is common practice in America for companies to take out corporate-owned life insurance policies on...

It is common practice in America for companies to take out corporate-owned life insurance policies on their leaders and senior management, so that the company can offset the cost of replacing them if they die. However, some companies have begun to extend this practice to their low-level employees, which have become known as “dead peasant” policies. Although profitable for the business, it is often the case that the families of these low-level employees are not aware that this step has...

Select three profitable businesses in Oman which apply Corporate Social Responsibility and explain what the activities...

Select three profitable businesses in Oman which apply Corporate Social Responsibility and explain what the activities that are provided by those businesses and how important they are from managerial accounting perspective.

A corporate treasury working out of Vienna with operations in New York simultaneously calls Citibank in...

A corporate treasury working out of Vienna with operations in New York simultaneously calls Citibank in New York City and Barclays in London. The two banks give the following quotes at the same time on the euro: Citibank NYC Barclays London $0.7451-55/€ $0.7445-75/€ Using $4 million or its euro equivalent, show how the corporate treasury could make geographic arbitrage profit with the two different exchange rate quotes.

Subjects