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The stockholders elect a board of directors to act on their behalf.The board hires managers to run the corporation on a daily basis. The stockholders become partial owners of the corporation.The corporation uses the money received from selling the stock to set up and run the business.
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What group is elected to act on the behalf of stockholders?
foundation
What happens in an indirect democracy?
In an indirect democracy, people elect representatives to act on their behalf.
What do stockholders of a corporation elect?
Board of
Who do the stockholders of a corporation elect?
board of director's
Stockholders of a corporation dirctly elect?
The board of directors
What is indirect resepentation?
Indirect representation refers to a situation where individuals elect representatives to make decisions on their behalf. In this system, citizens do not directly participate in decision-making but instead delegate their authority to elected officials who act on their behalf. Indirect representation is a common feature of representative democracies.
Which term best defines a government in which citizens elect representatives to rule on their behalf?
A republic
What ia another name for indirect democracy where citizens elect representatives who decide policies on their behalf?
Representative democracy is another name for indirect democracy, where citizens elect representatives to make decisions and policies on their behalf.
The common stockholders are most concerned with?
Common stockholders are most concerned with increasing the value of the stock they own. They elect the company's Board of Directors, which is supposed to guide the company in such a way that the value of their shares increases over time.
What is indircet deocracy?
Indirect democracy means citizens elect representatives to make laws on their behalf.
Who can act on behalf of a landlord in managing rental properties?
A property manager can act on behalf of a landlord in managing rental properties.
A delegation of authority is required when?
When the principal is unable or unwilling to act on their own behalf and another entity must act on their behalf in some legal matter.
