Which of the following statements is true with respect to the general structure of a corporation?
A.	The corporation is treated as a legal person with rights and obligations jointly shared with its owners and managers.
B.	Shareholders establish corporate policies and elect or appoint corporate officers.
C.	A corporation is governed by shareholders who elect a board of directors and approve fundamental changes in its structure.
D.	The board of directors is responsible for carrying out the corporate policies in the day-to-day management of the organizations.