Under Section 14, a Shareholder Proposal in the Proxy Materials

question 45

Multiple Choice

Under Section 14, a shareholder proposal in the proxy materials:

• A)is limited to 500 words.
• B)must be made by a shareholder who owns at least 5 percent of the outstanding shares of the corporation.
• C)need not be included if management objects.
• D)All of the above

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Definitions:

Times Interest Earned Ratio

A financial metric that measures a company's ability to meet its interest obligations from its earnings before interest and taxes.

Income Statement

A financial statement that shows a company’s revenues, expenses, and profits over a specific period, typically a quarter or year.

Times Interest Earned Ratio

A financial metric comparing a company's earnings before interest and taxes (EBIT) to its interest expenses, evaluating the company's ability to meet its interest obligations.

Income Before Income Taxes

The profit a company has generated before accounting for income tax expenses, often found on the income statement.