The Voting Rights of a Company's Shareholders Must Be Specified

question 37

Multiple Choice

The voting rights of a company's shareholders must be specified in:

• A)the AGM.
• B)the constitution.
• C)a deed.
• D)both the constitution and the AGM.

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Definitions:

Asset Increase

An increase in the economic value or utility that an asset brings to a company.

Owner's Equity

The residual interest in the assets of a business after deducting liabilities, representing the owner's claim against the company's assets.

Withdrawals

Funds drawn from the enterprise by its proprietors for their personal needs.

Revenues

Revenues are the total income generated by a company from its business activities, such as sales of goods or services, before any expenses are deducted.