A Preemptive Right Is

question 68

Multiple Choice

A preemptive right is

• A)the right of stockholders to acquire a proportional amount of any new issues of common stock.
• B)the right of stockholders to fire and replace the board of directors.
• C)the right of the corporation to enter into legally binding contracts without the direct approval of the shareholders.
• D)the right of stockholders to supersede the actions of top management.
• E)the right of top management to act on behalf of the stockholders.

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Definitions:

Ideology

A system of ideas and ideals, especially one that forms the basis of economic or political theory and policy.

Subordinate Group

A group of individuals in society who have less power, status, or access to resources compared to the dominant groups.

Corporate Management of Emotions

Strategies and practices implemented by companies to manage the emotional expression and well-being of employees in the workplace.

Holiday Spirit

The feelings of joy, generosity, and goodwill that are often associated with celebrating holidays, fostering a sense of community and shared celebration.