Which of the Following Statements Is Not True

question 64

Multiple Choice

Which of the following statements is not true?

• A)Corporations are required by law to have two stockholder meetings each year.
• B)Stockholders must approve any amendment of the corporate charter.
• C)Stockholders must approve the sale of certain corporate assets.
• D)Corporations are required by law to distribute annual reports.
• E)Stockholders may vote in person or by proxy.

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Definitions:

Gain-sharing Plan

A program where employees receive additional financial compensation based on the company's performance, encouraging employees to work towards improving the company's productivity and efficiency.

Share Price

The cost of a single share of stock in a company, as traded on the stock market, reflecting the company's perceived value and investor demand.

Payout Frequency

The regular schedule at which employees receive their wages, such as weekly, bi-weekly, or monthly.

Discretionary Plan

A flexible compensation strategy that allows employers to determine bonuses or additional pay based on the company's financial performance and individual employee contributions.