Which of the Following Statements About the Requirements of Proxy

question 60

Multiple Choice

Which of the following statements about the requirements of proxy statements is true?

• A) The proposed resolution must be presented to the company for approval at least 100 days before the annual meeting.
• B) Stockholders must own $3,000 or more shares for at least one year.
• C) The proposal cannot exceed 1,000 words.
• D) A shareholder may submit only one proposal for a particular shareholder meeting.

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Definitions:

Shareholders

Individuals or entities that own shares in a corporation, giving them ownership interests.

Defensive Strategy

A corporate social responsibility strategy that does the minimum legally required to display social responsibility.

Economic Responsibilities

refer to the obligations of businesses and organizations to pursue strategies that enhance their profitability within the confines of the law.

Legal Responsibilities

Obligations under the law that individuals or organizations must adhere to.