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30.
(p. 854)
Which of the following owns a corporation?
31.
(p. 854-855)
Which of the following are sent to shareholders prior to an annual meeting
containing proposals made by shareholders?
32.
(p. 854-855)
The Securities and Exchange Commission has established that any shareholder
who owns more than ______ worth of stock in the corporation can submit proposals to be
included in proxy materials.
33.
(p. 855)
Generally, a quorum of shareholders exists when shareholders holding more than ______
percent of the outstanding shares are present.
34.
(p. 855)
Which of the following, if any, is an authorization of a shareholder to allow someone else
to vote in his or her place?
35.
(p. 855)
Under the Revised Model Business Corporation Act, how long do proxies last if they are
not withdrawn?
36.
(p. 855)
An individual shareholder can enter a voting trust in which he or she transfers share titles
to a trustee in exchange for a ____.
37.
(p. 859)
In a closely held corporation, a breach of the duty of a majority shareholder to act with
care and loyalty when selling his or her shares is known as ____.
38.
(p. 859)
Decisions of courts in ______ have a significant impact because more than half of U.S.
public traded corporations are incorporated there.
39.
(p. 860-861)
Which of the following is
false
regarding the liability of directors and officers for
criminal behavior in the U.S.?
40.
(p. 863)
Which of the following references shares that have a fixed face value noted on the stock
certificate?
41.
(p. 863)
How much must a shareholder who signs a stock subscription pay for no-par shares?
42.
(p. 863)
Which of the following is a term for stock issued to individuals below its fair market
value?
43.
(p. 862)
Which of the following was the result on appeal in
Auerbach v. Bennett
the case in the
text in which a shareholder brought a derivative action after an internal audit of the GTE
Corporation suggested that the corporation's management had paid significant amounts in bribes
and kickbacks over a period of several years?
44.
(p. 858)
Which of the following is
false
regarding corporate decisions that might personally benefit
a particular director or officer?
45.
(p. 864)
Which of the following is not a right of corporate directors?
46.
(p. 864)
Which of the following may be issued to shareholders as proof of ownership in the
corporation?
47.
(p. 864)
Shares are ______ when the corporation will not issue physical stock certificates.
