A Proxy Is

question 62

Multiple Choice

A proxy is:

• A) a device for circumventing regular voting procedures.
• B) a coupon attached to each share of stock and used by the shareholder in casting his vote on current issues.
• C) an authorization of a registered shareholder to another person to act in his place at the general meeting.
• D) a warrant allowing a shareholder to purchase a specified number of additional shares at a given price.

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Definitions:

Average Fixed Cost

The fixed costs of production divided by the quantity of output produced, decreasing as more is produced.

Short Run

A time period in economics where at least one factor of production is fixed, limiting the ability of businesses to adjust to changing market conditions.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, leading to market balance.

Demand Curve

is a graph showing the relationship between the price of a good or service and the quantity demanded by consumers, typically downsloping to indicate that lower prices increase demand.