A Grant of Authority Allowing Someone Else to Vote Shares

question 52

Multiple Choice

A grant of authority allowing someone else to vote shares of stock that you own is called a:
I. Power of share authorization
II. Proxy voting
III. Restricted conveyance

• A) I only
• B) II only
• C) III only
• D) I and III only

---

Definitions:

Statement of Stockholders' Equity

A financial statement showing the changes in the value of a company's equity over a specific period, due to earnings, losses, and dividends.

Corporation's Board of Directors

A group of individuals elected by shareholders to oversee the management and make major decisions for a corporation.

Liability

A financial obligation or amount owed by a company to external parties or creditors, which must be settled through the transfer of assets or services.