Which One of the Following Is a Means by Which

question 56

Multiple Choice

Which one of the following is a means by which shareholders can replace company management?

• A)stock options
• B)promotion
• C)Sarbanes-Oxley Act
• D)agency play
• E)proxy fight

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Definitions:

Vouchers

Documents representing an internal intent to make a payment to an external party, often used in accounts payable processes.

Written Authorizations

Official documents or agreements that grant permission or rights, often used to approve financial transactions or operations.

Gross Method

An accounting practice where purchases are recorded at their full invoice amount without taking deductions for discounts.

Purchase Discounts

A reduction in the price paid for goods or services if payment is made within a specified period, used as an incentive for early payment.