Which of the following statements is true about stockholders in a corporation?

Stockholders in a corporation have certain rights and responsibilities, one of the most significant being the ability to elect the board of directors. The board of directors is responsible for overseeing the management of the corporation and making key decisions that guide the corporate strategy and operations. By electing the board, stockholders exercise their ownership rights and influence the direction of the company.

This electoral process is a fundamental aspect of corporate governance, ensuring that the interests of the stockholders are represented at the highest level of the organization's management. The effectiveness of this system relies on the stockholders' participation in choosing individuals who will make crucial decisions on behalf of the company.

In contrast, stockholders do not directly manage the corporation, which is typically the duty of the hired executives and managers. They also remain involved in significant decisions through voting at shareholders' meetings but are not required to be active real estate brokers or involved in day-to-day operations, as their role is to act as owners and investors rather than managers.