Which of the following best defines the term "proxy"?
A) It is a document that entitles its owner to special preferences relating either to dividends or to the distribution of assets.
B) It is a document that entitles its owner to vote for a corporation's board of directors, receive dividends, and participate in the net assets upon liquidation of the corporation.
C) It is a document authorizing its holder to purchase a stated number of shares of stock at a stated price, usually for a stated period of time.
D) It is a document by which shareholders can transfer their rights to vote at a shareholders' meeting to a second party.
D
You might also like to view...
Minor flaws in the final draft of a report
A) generally go unnoticed. B) are usually caught with software tools. C) do not have a significant impact on the report. D) may affect your credibility. E) may damage your career.
All of the following are commonly addressed in an HR audit EXCEPT ________
A) exempt workers B) job descriptions C) accounting expenses D) workers' compensation benefits