The Role of Shareholders in Managing the Corporation Is Generally

question 24

Multiple Choice

The role of shareholders in managing the corporation is generally restricted to:

• A)election of directors.
• B)approval of certain extraordinary measures.
• C)the approval of corporate transactions that are void or voidable unless ratified.
• D)All of the above.
• E)None of the above.

---

Definitions:

Present Values

The present value of a future amount of money or series of payments, based on a certain rate of return.

Working Capital

The difference between a company's current assets and current liabilities, indicating its short-term financial health and efficiency.

Sales Revenue

The income received by a company from its sales of goods or services before any expenses are deducted.

Working Capital

The measure of a company's short-term liquidity, determined by subtracting current liabilities from current assets.