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Which of the following four sentence is grammatically correct?
The Board of Directors will hold its next meeting in July.
The Board of Directors will hold it's next meeting in July.
The Board of Directors shall hold the next meeting in July.
The Board of Directors shall hold it's next meeting in July.
'The Board of Directors' is a collective noun. So, it takes the singular verb 'its'. It's is an incorrect usage in this context because it actualy means 'it is'. Option a) is the correct answer.
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