The correct answer is: C. Board of Directors
A board of directors is a group of individuals who are elected by the shareholders of a company to oversee the management of the company. The board of directors is responsible for setting the company’s strategic direction, appointing the company’s executives, and overseeing the company’s financial performance.
A general manager is a senior-level executive who is responsible for the day-to-day operations of a company. The general manager is appointed by the board of directors and reports to the board.
Shareholders are the owners of a company. They own shares in the company, which represent a portion of the company’s ownership. Shareholders elect the board of directors and have the right to vote on certain matters, such as the election of directors and the approval of mergers and acquisitions.
An advisory panel is a group of individuals who are appointed by the board of directors to provide advice and guidance to the board. The advisory panel is not responsible for the management of the company, but it can provide valuable input to the board on strategic matters.