Heidi and Ian Are Directors and Shareholders of Globe Software,Inc

question 34

Multiple Choice

Heidi and Ian are directors and shareholders of Globe Software,Inc.Heidi's written authorization to Ian to vote Heidi's shares at a Globe shareholders' meeting is

• A)a violation of the duty of loyalty.
• B)a preemptive right.
• C)a proxy.
• D)a quorum.

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Definitions:

Great Recession

A significant global economic downturn that occurred from late 2007 through to 2009, marked by severe declines in economic activity worldwide.

Financial Crisis

A broad term for a situation in which financial assets suddenly lose a large part of their nominal value, leading to market disruptions and potentially an economic downturn.

Budget Deficit

The financial situation in which a government's expenditures exceed its revenues within a given fiscal year, leading to borrowing or debt accumulation.

Gross National Debt

The total amount of money that a country's government has borrowed, including both the internal and external debt.