Regarding the separation of corporate ownership and manageme

Regarding the separation of corporate ownership and management, which of the following is a true statement?

A) The corporate officers elect the board of directors.
B) The corporation runs better with day-to-day input from stockholders.
C) None of the stockholders have the ability to manage the business of the corporation.
D) Stockholders own the business, but a board of directors appoints corporate officers to manage the business.

ANSWER

D