An Organization's __________ Define(s)why It Exists

question 55

Multiple Choice

An organization's __________ define(s) why it exists.

• A)strategy
• B)objectives
• C)targets
• D)mission statement

---

Definitions:

Shareholders

Individuals or entities that own shares in a corporation, making them part owners of the company with certain rights and responsibilities.

Proxy

A person authorized to act on behalf of another, especially in voting at a meeting or in corporate matters.

Agency

A relationship where one party (the agent) is authorized to act for another (the principal) in dealings with third parties.

Voting Trusts

Legal arrangements used to combine the voting power of shareowners by temporarily transferring their shares to a trustee, often used to control corporations.