A Shareholder's Functions Includes

question 32

Multiple Choice

A shareholder's functions includes:

• A) election of investors.
• B) approval of mergers or a voluntary dissolution.
• C) approval of loans taken by the corporation.
• D) approval of stock option plans for other shareholders.

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Definitions:

Break-even Point

The point at which total revenues equal total costs, resulting in no profit or loss.

Break-even Sales

The amount of sales revenue needed to cover all fixed and variable costs, leading to a situation where there is no profit or loss.

Fixed Costs

Expenses that do not vary with the level of production or sales, such as rent, salaries, and insurance premiums.

Break-even Point

The point at which total costs and total revenues are equal, meaning there is no profit or loss.