Corporate officers are elected by the firm’s stockholders.;True or False
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Corporate officers are elected by the firm’s
stockholders.;True or False
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- The stockholders of a company are: the owners policy setters responsible and liable for the financial well-being of the company operating within the company as independent shareholdersWhich of the following represents one of the basic rights of stockholders? a. Stockholders may sell their stock back to the company if they wish. b. Stockholders may authorize a business contract on behalf of the corporation. c. Stockholders may determine at what price the company issues stock. d. Stockholders may participate in management by voting on corporate matters.Under the corporate form of business organization, Group of answer choices a)ownership rights are easily transferred b)a stockholder is personally liable for the debts of the corporation c)stockholders’ acts can bind the corporation even though the stockholders have not been appointed as agents of the corporation d)stockholders wishing to sell their corporate shares must get the approval of other stockholders
- Which of the following statements is NOT CORRECT? When a corporation’s shares are owned by a few individuals who own most of the stock or are part of the firm’s management, we say that the firm is “closely, or privately, held.” “Going public” establishes a firm’s true intrinsic value and ensures that a liquid market will always exist for the firm’s shares. Publicly owned companies have sold shares to investors who are not associated with management, and they must register with and report to a regulatory agency such as the SEC. When stock in a closely held corporation is offered to the public for the first time, the transaction is called “going public,” and the market for such stock is called the new issue market.TRUE OR FALSE. IF FALSE WHY. Shareholders elect the board of directors which appoints the management of a corporation.Which of the following are in keeping with Corporate Governance? a Shareholders own the company B. Board of Directors own the company C. CEO and top management own the company D. Answers a and b E. Answers a and c
- Finance Who do shareholders elect to monitor and enforce shareholder interests of a firm? Group of answer choices Top Management Team Board of Directors Government Officials Chief Executive OfficerA company's primary class of stock, which allows shareholders the right to vote in company matters, is known as:Many codes of corporate governance require companies to report the distribution of major shareholding and any board of directors’ interests. Discuss the importance of such reporting.
- It is frequently stated that the one purpose of the preemptive right is to allow individuals to maintain their proportionate share of the ownership and control of a corporation.a. How important do you suppose control is for the average stockholder of a firm whose shares are traded on the New York Stock Exchange?b. Is the control issue likely to be of more importance to stockholders of publicly owned or closely held (private) firms?What does the law assume is the main Corporate Objective of any corporation? Group of answer choices To Protect Individual Interests of the Directors To Enhance Corporate Profits and Maximize Shareholder Gain To Create New Products To Protect Management and the EnvironmentWhich of the following are in keeping with Corporate Governance? a Shareholders run the company on a short term basis B Board of Directors run the company on a short term basis C. CEO and top management run the company on a short term basis D. Answers a and b E. Answers a and c
