3. In a corporation, the responsibility for the overall management of the firm is entrusted to the A. Board of Directors. B. Shareholders. C. Middle Level management. D. None of the above. 4. When a director becomes involved in litigation by virtue of her or his position, the director may have a A. right to participation B. right of inspection C. right to indemnification D. None of the above. 5. What are the two types of stocks shareholders can hold in publicly traded companies