Lucy Owns 10 Shares of Stock in Quamba,Inc

question 8

Multiple Choice

Lucy owns 10 shares of stock in Quamba,Inc.Lucy wishes to place a proposal in a company's proxy statement to be voted on at the shareholders' meeting.Pursuant to the SEC rules,before Lucy is allowed to place her proposal on the proxy statement,she must

• A)have owned continuously for one year at least 1 percent of the company and $2,000 or more of the stock.
• B)have owned continuously for one year at least 1 percent of the company or $2,000 or more of the stock.
• C)have the permission of the board of directors.
• D)have been a stockholder for at least two years.

---

Definitions:

Body of the Letter

The main text or content of a letter, located between the greeting or salutation and the closing, where the primary message is communicated.

Subject Line

The headline or title found at the beginning of an email or document, summarizing its content or purpose.

Cotton Fiber Bond

A term generally used to describe paper that contains cotton fibers, offering greater durability and a distinctive feel, often used for high-quality stationery.

Letterhead Paper

Letterhead Paper refers to stationery that includes a printed heading on the top of the page, typically featuring the name, address, logo, and other contact information of an organization or individual, used for formal correspondence.