Corporations Are Required to Hold Shareholders' Meetings at Least

question 56

Multiple Choice

Corporations are required to hold shareholders' meetings at least:

• A) annually.
• B) every six months.
• C) twice per year, but they are not required to be held every six months.
• D) quarterly.
• E) monthly.

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Definitions:

Return On Investment (ROI)

Net operating income divided by average operating assets. It also equals margin multiplied by turnover.

Depreciation

The systematic allocation of the cost of an asset over its useful life.

Investment Center

A business unit within a company that is responsible for its own revenues, expenses, and asset investments, with its performance measured by its ability to generate income relative to its assets.

Minimum Required Return

The lowest acceptable return on an investment, based on risk tolerance and financial goals.