Of the Sources of External Funds for Nonfinancial Businesses in the United

question 86

Multiple Choice

Of the sources of external funds for nonfinancial businesses in the United States,corporate bonds and commercial paper account for approximately ________ of the total.

• A)5%
• B)10%
• C)32%
• D)50%

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Definitions:

Proxy

A writing signed by a shareholder that authorizes the individual named in the writing to exercise the shareholder’s votes (corresponding to his or her shares of stock) at a shareholders’ meeting.

Annual Corporate

This term refers to yearly activities and obligations a corporation must fulfill, including financial reporting and meetings.

Criminal Behavior

Activities that violate the laws of a jurisdiction and are punishable by the state or other authority.

Directors

Individuals elected by shareholders to oversee the management and make major policy and financial decisions for a corporation.