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:

Michael Sandel

An American political philosopher and professor, known for his writings on justice, ethics, and democracy.

Cost-Benefit Thinking

A system of thought that focuses on the consequences to one person or institution and then weighs the cost against the benefits of performing the action under scrutiny.

Small Business Owner

An individual who owns and operates a business that is smaller in size, typically identified by revenue, employees, or other criteria.

Ethic Of Ultimate Ends

A moral philosophy that evaluates actions by their consequences or ultimate outcomes, often associated with utilitarianism.