Which of the Following Individuals Has the Most Power to Influence

question 10

Multiple Choice

Which of the following individuals has the most power to influence corporate policy on a long-term basis?

• A)A shareholder owning 60% of the outstanding common stock.
• B)A shareholder owning 80% of the outstanding preferred stock.
• C)The treasurer of the corporation.
• D)The controller of the corporation.

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Definitions:

Vocational School

An educational institution that provides practical and skills-based training aimed at preparing students for specific trades, professions, or careers.

Budgets

Financial plans that estimate revenue and expenditures over a specific period, helping organizations plan their finances.

Standard Costs

Predetermined costs for materials, labor, and overhead used for budgeting and assessing performance.

Variable Overhead

Costs that vary with the level of production output, such as utilities and commissions.