Answer: 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.
Explanation: <u>A shareholder is a person or an institution that owns shares in a company</u>. However, shareholders are partial owners of a company because they have a limited liability and do not manage neither the activities nor the operations of that company. In that way, <u>the most important role of the shareholders is to elect the board of directors, who are in charge of selecting the people that will lead the company.</u> Therefore, generally, shareholders are not involved in the management of the company.
The definition of manifest functions states that they are open, stated, and intended goals or consequences of activities within an organization or institution.
