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Shareholder, Board of Director & Officer Roles

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Patty is the CEO of Party Portraits, Inc. This means Patty is:

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1. Paul owns stock in Party Portraits, Inc. This means Paul is:

2. The shareholders of Party Portraits, Inc. appointed Paco to the board of directors. This means Paco is:

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About This Quiz & Worksheet

The structure of a corporation may be confusing at first, but this quiz/worksheet combo will help you differentiate between shareholders, the board of directors, and officers. These assets will test your understanding of these concepts, including the role of each position.

Quiz & Worksheet Goals

In these assessments, you'll be tested on:

  • Matching a person to their correct role
  • Understanding the roles of each position

Skills Practiced

This quiz and worksheet allow students to test the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related lesson on corporate positions
  • Distinguishing differences - compare and contrast topics from the lesson, such as shareholders and the board of directors
  • Information recall - access the knowledge you've gained regarding positions in a corporation

Additional Learning

To learn more about corporations, review the accompanying lesson titled Shareholder, Board of Director & Officer Roles. This lesson covers the following objectives:

  • Defining key terms, such as corporation, shareholders, and fiduciary duty
  • Explaining the different roles of people in a business, such as shareholders, the board of directors, and officers
  • Discussing how each role best serves a business and the ways those roles can fail to serve the business or its customers
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