Under Section 14 of the 1934 Act or SEC Rules

question 25

Multiple Choice

Under Section 14 of the 1934 Act or SEC rules:

• A) a company must solicit proxies from shareholders at least 30 days prior to any shareholder meeting.
• B) a company must provide detailed information about officers and directors when soliciting proxies from shareholders.
• C) the CEO of a publicly traded company must certify that the information in the annual report is accurate.
• D) All of the above.

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Definitions:

Overhead Costs

Expenses related to the day-to-day running of a business that are not directly linked to the production of goods or services.

Operating Profit

The income generated from the main activities of a company, not including interest and tax expenses.

Markdown

The amount that the price of an item is reduced from the regular selling price.

Invoice

a document issued by a seller to a buyer that specifies the products or services provided and the amount due for payment.