Which of the following is NOT true about managing nonprofit corporations? Multiple Choice They are managed under the direction of a board of directors. They must have at least three directors. The...

Extracted text: Which of the following is NOT true about managing nonprofit corporations? Multiple Choice They are managed under the direction of a board of directors. They must have at least three directors. The directors generally serve for one year unless stated otherwise in the articles. An individual director may transact business on behalf of the nonprofit corporation.