Select from the option list provided to indicate the party that is generally responsible for each item of responsibility. Each choice may be used once, more than once, or not at all.

Responsibility	Responsible party(ies)
1. Carry out the entity's day-to-day operations
2. Decide the entity's capital structure
3. Coordinate audit activities
4. Exercise reasonable care
5. Remove officers
6. Provide broad oversight over all aspects of the entity
7. Make full disclosure of any financial interest they may have in any transaction to which they and the entity may be a party
8. Declare and distribute dividends
9. Oversee the various functional areas (finance, accounting, information, etc.) of the entity
10. Set executive compensation
11. Initiate fundamental changes, such as mergers and acquisitions
12. Enter the entity into legally binding contracts
13. Make decisions in good faith
14. Add, amend, or repeal bylaws (if not reserved to the shareholders)

please answer each with

- directors only

- officers only

- directors and officers

Answer rating: 100% (QA)

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