Kate Could Not Attend the Last Shareholders' Meeting and Thus

question 94

Multiple Choice

Kate could not attend the last shareholders' meeting and thus she granted the authority to vote on her behalf to the managers of the firm.Which one of the following terms is used to describe the method by which Kate's shares were voted?

• A)Straight
• B)Cumulative
• C)Consent-form
• D)Proxy
• E)In absentia

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Definitions:

Constant Value Dollars

An accounting method that adjusts for inflation to preserve the purchasing power of the currency over time.

Annual Rate Change

The year-over-year percentage change in a particular variable, such as revenue, expenses, or prices.

Unit Cost

The total expense incurred in producing, storing, and selling one unit of a product, calculated by dividing the total cost by the number of units produced.

Air Frame Manufacture

This refers to the industrial process of designing and producing the structural components of an aircraft.