Examlex
Which of the following types of owners' equity transactions would not require authorization by the board of directors?
Deadweight Loss
The loss of economic efficiency that occurs when the equilibrium for a good or service is not achieved or is not achievable. This can happen due to factors like market inefficiencies, taxes, or subsidies.
Corporation's Owners
Individuals or entities that hold shares of stock in a corporation, giving them ownership rights and interest in the company's profitability and governance.
Tax Collector
An official or entity responsible for collecting taxes on behalf of a government.
Laissez-faire Leader
A leadership style characterized by minimal direct supervision, allowing team members significant freedom in how they accomplish their work.
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