Regarding the separation of corporate ownership andmanagement, which of the following is a truestatement?

A.

The corporate officers elect the board of directors.

B.

Stockholders own thebusiness, but a board of directors appoints corporate officers to manage the business.

C.

The corporation runs better with dayminustominusday input from stockholders.

D.

None of the stockholders have the ability to manage the business of the corporation.