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Analyze the chart, which depicts a typical corporate structure.





Based on the chart, the primary responsibility of shareholders is to



run the business by electing a board of directors, who then hire the company’s leaders.


run the business by electing a board of directors and hiring a president and other leaders.


make business decisions on the advice of a board of directors, a president, and other leaders.


make business decisions on the advice of a board of directors, who follow the expertise of leaders.