Activists are very unhappy with the Board of Directors' recent pattern of decisions. They believe that they need to be given more decision-making capabilities, have their voices heard, and nominate another Board member. What should the activists propose?
a. A hostile takeover
b. A proxy vote
c. A coup d'état
d. A dumping of shares to drop stock price and force actions by the Board
b. A proxy vote
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The force to act or to compel another person or entity to act is called:
A. power. B. regulation. C. justice. D. management
How is general ledger updating accomplished by the various accounting subsystems?
A) Individual journal entries for each accounting subsystem transaction update the general ledger every 24 hours. B) Summary journal entries that represent the results of all transactions for a certain time period are used to update the general ledger. C) The controller or treasurer must approve accounting subsystem journal entries before any updating may occur. D) Nonroutine transactions are entered into the system by the treasurer's office.