Which of the following decisions is within the exclusive authority of the board of directors
Which of the following decisions is within the exclusive authority of the board of directors?
A. Amending the company’s by-laws
B. Declaring dividends to shareholders
C. Approving a merger with another company
D. Dissolving the company
Answer: B
Explanation: Boards declare dividends; by-law amendments, mergers, dissolution require shareholder approval.
