A Proxy Is

question 4

Multiple Choice

A proxy is:

• A) A document that gives a designated agent of a shareholder the right to vote on the shareholder's behalf.
• B) A contractual commitment by an investor to purchase unissued shares.
• C) An amount of assets defined by law that shareholders must invest and leave invested in a corporation.
• D) The right of ordinary shareholders to protect their proportionate interests in a corporation by having the first opportunity to purchase additional ordinary shares issued by the corporation.
• E) An arbitrary amount assigned to no-par shares by the corporation's board of directors.

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Definitions:

Offshoring

The relocation of a business process or operation from one country to another, often to leverage lower labor costs.

American Industrial Revolution

A period of rapid industrial growth and technological innovation in the United States during the 18th and 19th centuries that transformed the economy.

Railroad System

A transportation network consisting of tracks, stations, and vehicles (such as trains) used for moving goods and people over long distances.

Free Market Capitalism

Free Market Capitalism is an economic system characterized by private ownership of resources and businesses, where the prices of goods and services are determined in a free price system set by supply and demand.