Rosa and Sean are shareholders of T-Rex Tacos, Inc Rosa's written authorization to Sean to vote Rosa's shares at a shareholders' meeting is?
A) a violation of the duty of care
B) a preemptive right.
C) a proxy.
D) a quorum.
C
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The average cost inventory method is the rarely used with a perpetual inventory system.
Indicate whether the statement is true or false.
A product extension merger occurs when acquiring and acquired companies have related production and/or distribution activities but do not have products that compete directly with each other.
Answer the following statement true (T) or false (F)
Which of the following is true of the call provision found in preferred stocks?
A. The call provision gives preferred stockholders the right to both elect the members of the board of directors and call for votes on corporate issues. B. The call provision gives preferred stockholders priority over common stockholders with regard to ownership of the assets of the firm. C. The call provision gives preferred stockholders the right to receive preferred dividends that were not paid in previous years before any common stock dividends can be paid. D. The call provision gives the issuing firm right to redeem its preferred stock by incorporating a maturity option in the issue. E. The call provision gives preferred stock the right to participate with the common stock in a firm's earnings.
Many taxpayers believe the income tax system is unfair because it is so complicated.
Answer the following statement true (T) or false (F)